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Equilibrium dynamics in discrete-time endogenous growth models with social constant returns

✍ Scribed by Kazuo Mino; Kazuo Nishimura; Koji Shimomura; Ping Wang


Publisher
Springer
Year
2007
Tongue
English
Weight
208 KB
Volume
34
Category
Article
ISSN
0938-2259

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✍ Manuel A. GΓ³mez πŸ“‚ Article πŸ“… 2003 πŸ› Elsevier Science 🌐 English βš– 421 KB

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