Dohtani, Akitaka - In: Journal of Economic Behavior & Organization 76 (2010) 2, pp. 428-444
We construct an endogenous growth-cycle model of the Solow-Swan type. The equilibrium point of the growth-cycle model is the same as the steady state of the Solow-Swan growth model. Unlike in the Solow-Swan growth model, the representative household in the growth-cycle model, however, adaptively...