Philippine Standard time

On Non-equilibrium in Some Steady States

UPSE DP 1994-05
1994

Non-equilibrium is shown for a steady state in Grandmont and Younes (1973) and a steady state in McCallum (1984). The reason for non-equilibrium, which is the same in both cases, can be stated as a general proposition.

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