Borradores de Economia
Número:
257
Publicado:
Clasificación JEL:
D23, D74, E21, O41
Palabras clave:
capital accumulation, deterrence, capital destruction and economic growth.
Lo más reciente
José Vicente Romero-Chamorro, Hernando Vargas-Herrera
Juan Camilo Medellín-Martínez, Sergio Restrepo Ángel
Andrea Sofía Otero-Cortés, Karina Acosta, Jhorland Ayala-García, Oriana Álvarez Vos, Sara Rojas
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