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Endogenous and exogenous dynamics in the fluctuations of capital fluxes

✍ Scribed by Z.-Q. Jiang; L. Guo; W.-X. Zhou

Book ID
111622265
Publisher
Springer
Year
2007
Tongue
English
Weight
589 KB
Volume
57
Category
Article
ISSN
1434-6036

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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