Transitional Dynamics & Indeterminacy of Equilibria in an Endogenous Growth Model with Public Input
Title | Transitional Dynamics & Indeterminacy of Equilibria in an Endogenous Growth Model with Public Input PDF eBook |
Author | Chong-kee Yip |
Publisher | |
Pages | 23 |
Release | 1994 |
Genre | Economic development |
ISBN |
Transitional Dynamics and Indeterminacy of Equilibria in an Endogenous Growth Model with a Public Input
Title | Transitional Dynamics and Indeterminacy of Equilibria in an Endogenous Growth Model with a Public Input PDF eBook |
Author | Theodore Palivos |
Publisher | |
Pages | 21 |
Release | 2000 |
Genre | Economic policy |
ISBN |
Transitional Dynamics and Indeterminacy of Equilibria in an Endogenous Growth Model with a Public Input
Title | Transitional Dynamics and Indeterminacy of Equilibria in an Endogenous Growth Model with a Public Input PDF eBook |
Author | Theodore Palivos |
Publisher | |
Pages | 0 |
Release | 2003 |
Genre | |
ISBN |
The authors analyze an endogenous growth model with economy-wide increasing returns, in which a public input is essential for private production. Within such a framework, it is shown that a continuum of equilibria and global indeterminacy can arise for reasonable parameter values, simply due to the presence of endogenous public policy. This can potentially account for "leapfrogging" or retroceding growth experiences. It is demonstrated how fiscal policy can serve as a selection device among different convergent paths.
On Growth and Indeterminacy
Title | On Growth and Indeterminacy PDF eBook |
Author | Jess Benhabib |
Publisher | |
Pages | 78 |
Release | 1995 |
Genre | Economic development |
ISBN |
Growth and Business Cycles with Equilibrium Indeterminacy
Title | Growth and Business Cycles with Equilibrium Indeterminacy PDF eBook |
Author | Kazuo Mino |
Publisher | Springer |
Pages | 240 |
Release | 2017-07-11 |
Genre | Business & Economics |
ISBN | 4431556095 |
Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s original research, this book explores sunspot-driven fluctuations in real business cycle models, multiple equilibria in endogenous growth models, and the stabilization effects of fiscal and monetary policy rules. The book also considers equilibrium indeterminacy in open economy models.
Equilibrium Dynamics in Two-sector Models of Endogenous Growth
Title | Equilibrium Dynamics in Two-sector Models of Endogenous Growth PDF eBook |
Author | Antonio Ladrón de Guevara |
Publisher | |
Pages | 92 |
Release | 1994 |
Genre | Economic development |
ISBN |
On Convergence in Endogenous Growth Models
Title | On Convergence in Endogenous Growth Models PDF eBook |
Author | Salvador Ortigueira |
Publisher | |
Pages | 42 |
Release | 1994 |
Genre | Convergence |
ISBN |