On the welfare properties of the Lucas and Romer endogenous growth models

Detalhes bibliográficos
Autor(a) principal: Sequeira, T. N.
Data de Publicação: 2010
Outros Autores: Ferreira-Lopes, A.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://ciencia.iscte-iul.pt/public/pub/id/6163
http://hdl.handle.net/10071/8048
Resumo: 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.
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spelling On the welfare properties of the Lucas and Romer endogenous growth modelsEndogenous GrowthHuman CapitalR&DWelfareWe 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.Economics Bulletin2014-12-09T17:57:23Z2010-01-01T00:00:00Z20102014-12-09T17:56:22Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://ciencia.iscte-iul.pt/public/pub/id/6163http://hdl.handle.net/10071/8048eng1545-2921Sequeira, T. N.Ferreira-Lopes, A.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:24:50Zoai:repositorio.iscte-iul.pt:10071/8048Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:11:16.747880Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv On the welfare properties of the Lucas and Romer endogenous growth models
title On the welfare properties of the Lucas and Romer endogenous growth models
spellingShingle On the welfare properties of the Lucas and Romer endogenous growth models
Sequeira, T. N.
Endogenous Growth
Human Capital
R&D
Welfare
title_short On the welfare properties of the Lucas and Romer endogenous growth models
title_full On the welfare properties of the Lucas and Romer endogenous growth models
title_fullStr On the welfare properties of the Lucas and Romer endogenous growth models
title_full_unstemmed On the welfare properties of the Lucas and Romer endogenous growth models
title_sort On the welfare properties of the Lucas and Romer endogenous growth models
author Sequeira, T. N.
author_facet Sequeira, T. N.
Ferreira-Lopes, A.
author_role author
author2 Ferreira-Lopes, A.
author2_role author
dc.contributor.author.fl_str_mv Sequeira, T. N.
Ferreira-Lopes, A.
dc.subject.por.fl_str_mv Endogenous Growth
Human Capital
R&D
Welfare
topic Endogenous Growth
Human Capital
R&D
Welfare
description 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.
publishDate 2010
dc.date.none.fl_str_mv 2010-01-01T00:00:00Z
2010
2014-12-09T17:57:23Z
2014-12-09T17:56:22Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://ciencia.iscte-iul.pt/public/pub/id/6163
http://hdl.handle.net/10071/8048
url https://ciencia.iscte-iul.pt/public/pub/id/6163
http://hdl.handle.net/10071/8048
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1545-2921
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Economics Bulletin
publisher.none.fl_str_mv Economics Bulletin
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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