C. Carroll, J. Overland and D. Weil, “Saving and Growth with Habit Formation,” American Economic Review, Vol. 90, No. 3, 2000, pp. 341-355. doi:10.1257/aer.90.3.341

has been cited by the following article:

• TITLE: On the Closed-Form Solution to the Endogenous Growth Model with Habit Formation

  AUTHORS: Ryoji Hiraguchi

  KEYWORDS: Endogenous Growth; Closed-Form Solution; Habit Formation

  JOURNAL NAME: Theoretical Economics Letters, Vol.2 No.4, November 1, 2012

  ABSTRACT: We study the AK growth model with external habit formation. We show that there exists a unique solution path expressed in terms of the Gauss hypergeometric function. Using the closed-form solution, we also show that the optimal path converges to a balanced growth path.