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Abstract
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This paper examines the conditions for endogenous growth in an overlapping generations (OLG) model with two sectors of production when the returns to scale may be non constant and provides the technological conditions for the highest income growth rate.
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This paper examines the conditions for endogenous growth in an overlapping generations (OLG) model with two sectors of production when the returns to scale may be non constant and provides the technological conditions for the highest income growth rate.
Key concepts: Overlapping generations model, Endogenous growth theory, Economics, Returns to scale, Production (economics), Growth model, Growth rate, Microeconomics