Path stability of prices in a nonlinear Leontief model (Q684764)
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scientific article; zbMATH DE number 422761
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| English | Path stability of prices in a nonlinear Leontief model |
scientific article; zbMATH DE number 422761 |
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Path stability of prices in a nonlinear Leontief model (English)
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6 October 1993
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Price dynamics in a discrete nonlinear Leontief growth model is considered. Under some classical assumptions the author shows that any two price paths in such a model finally approach each other. In other words, a path -- when distorted -- comes back to its original form within a period. Under stronger assumptions the convergence to a single price vector is proved.
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price path stability
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turnpike properties
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convergence of paths
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discrete nonlinear Leontief growth model
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0.85573286
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0.84942734
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0.8471314
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0.84568053
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0.8423579
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