Working paper/research report

Publication year: 2011

URL: https://hdl.handle.net/10419/56498

Title of series: MAGKS Joint discussion paper series in economics

Number in series: 2011, 11

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.

Harvard Citation style: Göcke, M. (2011) Learning-by-doing in Two Sectors, Production Structure, Leisure and Optimal Endogenous Growth. (MAGKS Joint discussion paper series in economics, 2011, 11). Marburg: Philipps-University Marburg, School of Business and Economics. https://hdl.handle.net/10419/56498

APA Citation style: Göcke, M. (2011). Learning-by-doing in Two Sectors, Production Structure, Leisure and Optimal Endogenous Growth. (MAGKS Joint discussion paper series in economics, 2011, 11). Philipps-University Marburg, School of Business and Economics. https://hdl.handle.net/10419/56498