Capital destruction, optimal defense and economic growth
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Borradores de Economía; No. 257
Date published
2003-09-14
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2003-09-14
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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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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.
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