Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56498
Authors: 
Göcke, Matthias
Year of Publication: 
2011
Series/Report no.: 
Joint discussion paper series in economics 11-2011
Abstract: 
A model with two different production sectors and endogenous growth based on the accumulation of sector-specific human capital due to learning-by-doing is presented. Accumulation of experience is measured by means of sectoral production output aggregated over time. Growth is controlled by a dynamic optimisation of the use of time for working in the different sectors or for leisure. Transitional dynamics of production growth, especially of structural change towards a 'new' sector (with relatively scarce experience), of the optimal sectoral distribution of working time and of leisure as well as the corresponding steady state levels are derived and a numerical simulation is performed.
JEL: 
C61
D90
J22
O41
Document Type: 
Working Paper

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