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Sustained output growth under uncertainty: A simple model with human capital

✍ Scribed by Dimitrios Varvarigos

Book ID
113722439
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
172 KB
Volume
30
Category
Article
ISSN
0164-0704

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πŸ“œ SIMILAR VOLUMES

Equilibrium dynamics in the one-sector e
Equilibrium dynamics in the one-sector endogenous growth model with physical and human capital
✍ 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