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
β¦ LIBER β¦
Endogenous growth, the Solow model and human capital
β Scribed by Norman Gemmell
- Publisher
- Springer US
- Year
- 1995
- Tongue
- English
- Weight
- 952 KB
- Volume
- 28
- Category
- Article
- ISSN
- 1573-9414
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