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Endogenous Growth and Equilibrium Unemployment in a North–South Model

✍ Scribed by Hian Teck Hoon

Book ID
108533766
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
91 KB
Volume
6
Category
Article
ISSN
1363-6669

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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