Article citationsMore>>

M. A. Gómez, “Optimal Consumption Taxation in a Model of Endogenous Growth with External Habit Formation,” Economics Letters, Vol. 93, No. 3, 2006, pp. 427-435. doi:10.1016/j.econlet.2006.06.017

has been cited by the following article:

• TITLE: Equilibrium Dynamics in the Neoclassical Growth Model with Habit Formation and Elastic Labor Supply

  AUTHORS: Manuel A. Gómez

  KEYWORDS: Economic Growth; Habit Formation; Equilibrium Dynamics

  JOURNAL NAME: Theoretical Economics Letters, Vol.2 No.5, December 27, 2012

  ABSTRACT: This note analyzes the equilibrium dynamics in the neoclassical growth model with habit-forming preferences and elastic labor supply. Habits enter into utility in a multiplicative way. The specification of the habit formation process comprises the particular cases of internal and external habits. Existence, uniqueness and saddle-path stability of the steady state are proved analytically.