HIGHLIGHTS
- who: Ali Benabdennour from the Laboratory of Prospective, Strategy and Sustainable Development, University of Tunis El Manar, Tunisia have published the paper: Openness, Human Capital and Multiplicity of Equilibrium, in the Journal: (JOURNAL)
- what: The model proposes a production function with substitutable factors. The analysis proposed by Lucas assumes that the accumulation of private human capital is determined from an optimization program: the worker arbiter between the immediate drop of income, due to the decreasing in the time devoted to production, and an increase of the future efficiency, due to the increase in the time . . .
If you want to have access to all the content you need to log in!
Thanks :)
If you don't have an account, you can create one here.