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

DOI10.1007/S00712-017-0535-7MaRDI QIDQ1663056zbMATH OpenOpenAlexFDO

Authors 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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Cites work

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

Cited in

(2)

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

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