0155979 - NHU-N 20020234 RIV SIGLE NL eng J - Journal Article
Duczynski, Petr
Adjustment costs in a two-capital growth model.
Journal of Economic Dynamics & Control. Roč. 26, č. 5 (2002), s. 837-850. ISSN 0165-1889. E-ISSN 1879-1743
R&D Projects: GA AV ČR KSK9058117
Institutional research plan: CEZ:AV0Z7085904
Keywords : adjustment costs * capital mobility * convergence * human capital
Subject RIV: AH - Economics
Impact factor: 0.738, year: 2002

This paper demonstrates that an open-economy neoclassical growth model with large adjustment costs for human capital and moderate adjustment costs for physical capital can provide a rationale for these observations.
Permanent Link: http://hdl.handle.net/11104/0053448