Learning-by-doing in two sectors, production structure, leisure and optimal endogenous growth

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: MAGKS Joint Discussion Paper Series in Economics ; No. 11-2011

Classification and Topics

• Classification: Wirtschaft ; Optimization Techniques; Programming Models; Dynamic Analysis ; Micro-Based Behavioral Economics: General‡ ; Time Allocation and Labor Supply ; One, Two, and Multisector Growth Models
• Subject: Neue Wachstumstheorie ; Mehr-Sektoren-Modell ; Humankapital ; Lernprozess ; Arbeitszeit ; Freizeit ; Zeitverwendung ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Göcke, Matthias
• Event: Veröffentlichung
• (who): Philipps-University Marburg, Faculty of Business Administration and Economics
• (where): Marburg
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/56498
• Last update: 2025-03-10T11:41:30+0100