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On endogenous growth with physical capital, human capital and product variety

✍ Scribed by Michael Funke; Holger Strulik


Book ID
117098584
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
220 KB
Volume
44
Category
Article
ISSN
0014-2921

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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