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Aggregation and irrelevance in multi-sector models

✍ Scribed by Bill Dupor


Book ID
114220937
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
157 KB
Volume
43
Category
Article
ISSN
0304-3932

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Temporal aggregation in a multi-sector e
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We provide a theoretical treatment of temporal aggregation in models that exhibit long-term endogenously generated steady growth; hence generalizing our previous analysis [Econometrica 62 (1994), 635}656]. We introduce the property of steady growth invariance \* that the long-term growth of the cont