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The one-sector growth model with idiosyncratic shocks: Steady states and dynamics

✍ Scribed by Mark Huggett

Book ID
114220849
Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
918 KB
Volume
39
Category
Article
ISSN
0304-3932

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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