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Time-consistent taxation in a dynastic family model with human and physical capital and a balanced government budget

✍ Scribed by James B. Davies; Jinli Zeng; Jie Zhang

Book ID
109171075
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
177 KB
Volume
42
Category
Article
ISSN
0008-4085

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✍ 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