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http://hdl.handle.net/10071/8048
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Title: On the welfare properties of the Lucas and Romer endogenous growth models
Authors: Sequeira, T. N.
Ferreira-Lopes, A.
Keywords: Endogenous Growth
Human Capital
R&D
Welfare
Issue Date: 2010
Publisher: Economics Bulletin
Abstract: We present results from quantitative exercises using the Lucas and Romer endogenous growth models, from which we calculate welfare losses from the distortions presented in the Romer model. Moreover, comparing the models to data, we show that an economy governed by the Romer model would attain a higher welfare than one governed by the Lucas model, contrary to what can be interpreted from some previous theoretical contributions.
Peer reviewed: Sim
URI: https://ciencia.iscte-iul.pt/public/pub/id/6163
http://hdl.handle.net/10071/8048
ISSN: 1545-2921
Publisher version: The definitive version is available at: http://www.accessecon.com/Pubs/EB/2010/Volume30/EB-10-V30-I3-P198.pdf
Appears in Collections:BRU-RI - Artigo em revista científica internacional com arbitragem científica

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