Restrepo Ochoa, Sergio I.; Vázquez Pérez, Jesús - Departamento de Fundamentos del Análisis Económico … - 2002
This paper analyzes the trend processes characterized by two standard growth models using simple econometrics. The first model is the basic neoclassical growth model that postulates a deterministic trend for output. The second model is the Uzawa-Lucas model that postulates a stochastic trend for...
