Revue Economique, Vol. 59, No. 4, pp. 843-851, 2008
Posted: 8 Dec 2011 Last revised: 16 Nov 2016
Date Written: July 1, 2008
The paradoxes of Lucas and Romer relate to the theoretical coherence of the international differences in productivity of the factors of production. To solve these paradoxes, the assumption of externality of the physical capital seems better than the assumption of externality of the human capital generally retained in the economic literature.
Keywords: Lucas, paradoxe
JEL Classification: O15, O47, O50, O30, N1
Suggested Citation: Suggested Citation
Darreau, Philippe and Pigalle, Francois, Lucas and Romer Paradoxes (July 1, 2008). Revue Economique, Vol. 59, No. 4, pp. 843-851, 2008. Available at SSRN: https://ssrn.com/abstract=1969480