Philippine Standard time

Instability in the Basic Endogenous Growth Model

UPSE DP 1995-04
1995

It is shown that the competitive equilibrium path is unstable in the basic model of endogenous growth with increasing returns. An extension of the model to include physical capital accumulation separately is also unstable.JEL classification D90.

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Contributor
UP-School of Economics
Authors
Encarnacion, Jr. Jose
Keywords
economic growth models
Cite
Downloads

45

Since
Nov 12, 2013

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