Exogenous and endogenous spatial growth models
β Scribed by Frans Bal; Peter Nijkamp
- Publisher
- Springer
- Year
- 1998
- Tongue
- English
- Weight
- 288 KB
- Volume
- 32
- Category
- Article
- ISSN
- 0570-1864
No coin nor oath required. For personal study only.
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## Abstract The local stability of balanced paths in endogenous growth models is investigated. Under the fulfillment of transversality conditions, a general instability result is established. It has been proved that models with one state variable are completely unstable, whereas two alternatives ar