Archive for December, 2015

By His bootstrapsI apload here an exposition of the generalized Solow model of growth, i.e. the one including both physical and human capital, but with capabilities of sustained endogenous long-term growth. This came out of the Macro I graduate class in my University that I currently help. At the end, the pamphlet contains the discretization of the model and a Dynare script to simulate it.

 

Generalized Solow endogenous growth