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

DOI10.1007/S00712-017-0535-7zbMATH Open1414.91277OpenAlexW2604188229MaRDI QIDQ1663056FDOQ1663056

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

Recommendations

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• Multiple equilibria, fiscal policy, and human capital accumulation

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)

Cites Work

• Indeterminacy and increasing returns
• Time Series Tests of Endogenous Growth Models
• Empirics for growth and distribution: Stratification, polarization, and convergence clubs
• The Solution of Linear Difference Models under Rational Expectations
• Optimum Technical Change in An Aggregative Model of Economic Growth
• A closed-form solution of the Uzawa-Lucas model of endogenous growth
• Divergence in economic performance: Transitional dynamics with multiple equilibria
• Uniqueness and indeterminacy: On the dynamics of endogenous growth
• Conditions for indeterminacy and thresholds in neoclassical growth models
• Growth and Indeterminancy in Dynamic Models with Externalities
• Indeterminacy and endogenous growth with social constant returns
• Indeterminacy Under Constant Returns to Scale in Multisector Economies
• A Two-Sector Model of Endogenous Growth with Leisure
• Optimal fiscal policy in the Uzawa-Lucas model with externalities
• Optimal taxation in the Uzawa-Lucas model with externality in human capital

Cited In (2)

• Stochastic accumulation of human capital and welfare in the Uzawa-Lucas model: an analytical characterization
• A multiyear lags input-holding-output model on education with excluding idle capital

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