Equilibrium dynamics in discrete-time endogenous growth models with social constant returns
نویسندگان
چکیده
منابع مشابه
Growth Models with Social Constant Returns
The existing literature establishes possibilities of local determinacy and dynamic indeterminacy in continuous-time two-sector models of endogenous growth with social constant returns. The necessary and sufficient condition for local determinacy is that the factor intensity rankings of the two sectors are consistent in the private/physical and social/value sense. The necessary and sufficient co...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2007
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-007-0211-1