Chapter 4 Some Extensions of the OSG Model
The previous chapters define the OSG model and examine its connections with some main ideas in growth theory. So far, we have been concerned only with one-sector growth models. Consumers also have only two variables to choose. We do not take account of influences of other factors that condition productivity of physical inputs such as technology, natural environment, and socio-economic environment. This chapter extends the OSG model to include exogenous technical change, endogenous time, public goods, home production, population, and environment.
This chapter is arranged as follows. Section 4.1 introduces endogenous technological change into the OSG model. First, we discuss the necessity of taking account ...
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