Capital destruction, optimal defense and economic growth

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Borradores de Economía; No. 257

Date published

2003-09-14

Date

2003-09-14

Authors

Mejía, Daniel
Posada, Carlos Esteban

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ISSN

ISBN

Document language

spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

The effects of capital destruction are endogenized in a neoclassical growth model where the economy can optimally allocate part of its labor force to defend capital from being destroyed. The purpose is to explain the optimal allocation of the labor force

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JEL Codes

O41 - One, Two, and Multisector Growth Models

Temática

Keywords

Keywords

Capital accumulation , Deterrence , Capital destruction and economic growth

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5275
 https://hdl.handle.net/20.500.12134/5275
 https://ideas.repec.org/p/bdr/borrec/257.html
 https://doi.org/10.32468/be.257

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Borradores de Economía

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

Este documento ha sido depositado por parte de el(los) autor(es) bajo la siguiente constancia de depósito