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Externalities in an endogenous growth model with social and natural capital

✍ Scribed by Catarina Roseta-Palma; Alexandra Ferreira-Lopes; Tiago Neves Sequeira


Book ID
113575951
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
247 KB
Volume
69
Category
Article
ISSN
0921-8009

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On learning to forecast in an endogenous
✍ Jaime Alonso-Carrera πŸ“‚ Article πŸ“… 2001 πŸ› Elsevier Science 🌐 English βš– 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