In this paper we investigate the relationship between the time delay for building investment goods and cycles under the conditions of general equilibrium. We introduce a delay parameter in the spirit of Kalecki into the simplest class of models of growth theory. They encompass a wide range of models
โฆ LIBER โฆ
Applications of continuous-time stochastic methods to models of endogenous economic growth
โ Scribed by Stephen J. Turnovsky
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 961 KB
- Volume
- 20
- Category
- Article
- ISSN
- 1367-5788
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