… In the endogenous growth model of Rorner ([22]), human capital is used not only to produce
… endogenous growth, Shell ([20]) has also shown the existence of multiple balanced growth …

… Thus optimal growth in human capital allocated to production, HQ, is determined by the
relative contribution of human capital allocated to production, the growth in output, and the effect …

… -country endogenous growth model with accumulation of both physical and human capital.
… of two-country balanced growth equilibria with physical and human capital in which a static …

… ' theorizing about growth has changed dramatically with the development of endogenous
growth models and increased emphasis on the roles of human capital formation and of …

… growth model with endogenous fertility and human capital … economic growth: R&D-based
innovation and human capital … The first approach is the semi-endogenous growth model in …

… with endogenous population growth and human capital … growth in our model is the
accumulation of human capital. But… the constant growth steady-state human capital growth rate …

… While the model is one of endogenous growth variety, we abstract from the external spillover
effects of human capital and are still able to generate nonconvergence of growth rates in …

… generations model of endogenous growth driven by human capital formation. Young … on
the growth rate of human capital and output. Comparative statics results across balanced growth …

… human capital formation draw on the same resources. Our two-knowledge-sector model of
endogenous growth allows R&D and human capital … that growth in ideas will outstrip growth in …

… I, ENDOGENOUS GROWTH As we noted in the introduction, Schumpeter emphasized the
longrun efficiency enhancing aspects of economic downturns. We argue here that by ignoring …