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Endogenous technical change with externalities in a classical growth model

โœ Scribed by Duncan K. Foley

Book ID
117350050
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
400 KB
Volume
52
Category
Article
ISSN
0167-2681

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๐Ÿ“œ SIMILAR VOLUMES

On learning to forecast in an endogenous
On learning to forecast in an endogenous growth model with externalities
โœ Jaime Alonso-Carrera ๐Ÿ“‚ Article ๐Ÿ“… 2001 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 148 KB

This paper investigates whether learning leads to &perfect foresight' in a growth model that might present local indeterminacy of perfect foresight equilibria. The paper asserts that, under some parametric conditions on technology and preferences, equilibria under the assumption of learning converge