title: Capital growth paths of the neoclassical growth model.
abstract: This paper derives the first-order approximated paths of both types of capital in the two-capital neoclassical growth model. The derived capital growth paths reveal that the short-run growth effect of capital injection differs considerably depending on which type of capital is enhanced. This result demonstrates the importance of well-targeted capital enhancement programs such as public sector projects and foreign aid.
authors.affiliation: Graduate School of Agricultural and Life Sciences, The University of Tokyo, Bunkyo, Tokyo, Japan. ataro@mail.ecc.u-tokyo.ac.jp
authors.forename: Taro
authors.initials: T
authors.lastname: Takahashi
mesh_terms: D003132:Commerce; D006801:Humans; D007391:International Cooperation; D018803:Models, Economic; D015233:Models, Statistical; D011640:Public Policy; D017150:Public Sector