R. Hiraguchi, “A Two Sector Endogenous Growth Model with Habit Formation,” Journal of Economic Dynamics and Control, Vol. 35, No. 4, 2011, pp. 430-441. doi:10.1016/j.jedc.2010.08.007

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.