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The adjustment speed of neoclassical growth models

โœ Scribed by R.L Williams; R.L Crouch


Book ID
115963795
Publisher
Elsevier Science
Year
1972
Tongue
English
Weight
220 KB
Volume
4
Category
Article
ISSN
0022-0531

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This paper re-examines the speed of convergence in a one-sector growth model under fairly general conditions with respect to both production and preferences. We investigate the response of the rate of convergence to the intratemporal elasticity of substitution in production, and to the intertemporal