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A ROBINSONIAN GROWTH MODEL IN ONE SECTOR NOTATION-AN AMENDMENT

✍ Scribed by A. ASIMAKOPULOS


Book ID
115211012
Publisher
John Wiley and Sons
Year
1970
Tongue
English
Weight
347 KB
Volume
9
Category
Article
ISSN
0004-900X

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This paper concerns the transitional dynamics of the one sector endogenous growth model with physical and human capital when gross investments are irreversible. It has been claimed that the transition path is on the stable saddle path of the system that describes the dynamics of the economy as long