Multiple steady states and indeterminacy in the Uzawa-Lucas model with educational externalities

DOI10.1007/s00712-017-0535-7zbMath1414.91277OpenAlexW2604188229MaRDI QIDQ1663056

Shiro Kuwahara

Publication date: 21 August 2018

Published in: Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00712-017-0535-7

zbMATH Keywords

Uzawa-Lucas modellocal and global indeterminacyeducational externalitynegative growth effects on education

Mathematics Subject Classification ID

Economic growth models (91B62) Mathematical sociology (including anthropology) (91D99)

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Stochastic accumulation of human capital and welfare in the Uzawa-Lucas model: an analytical characterization

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