Indeterminacy and stability in a modified Romer model
نویسندگان
چکیده
منابع مشابه
Indeterminacy and Stability in a ModiÞed Romer Model
This paper considers the well known Romer model of endogenous technological change and its extension where different intermediate capital goods are complementary, introduced in (Benhabib, Perli, and Xie 1994). They have shown that this modiÞcation allows indeterminate steady state for relatively mild degrees of the complementarity. The authors were able to derive analytically sufficient conditi...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2007
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2005.08.001