A general two-sector model of endogenous growth with human and physical capital: Balanced growth and transitional dynamics
From MaRDI portal
Publication:1916288
DOI10.1006/jeth.1996.0008zbMath0849.90024OpenAlexW2016801656MaRDI QIDQ1916288
Eric W. Bond, Ping Wang, Chong Kee Yip
Publication date: 3 July 1996
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://dallasfed.org/assets/documents/research/papers/1993/wp9324.pdf
existenceuniquenessbalanced growth equilibriumsaddle-path stabilitytwo-sector endogenous growth model
Related Items (46)
A theory of disasters and long-run growth ⋮ A two-country dynamic Heckscher-Ohlin model with physical and human capital accumulation ⋮ The sources of growth ⋮ Equilibrium dynamics in two-sector models of endogenous growth ⋮ Local stability in endogenous growth models ⋮ LOCAL INDETERMINACY IN CONTINUOUS-TIME MODELS: THE ROLE OF RETURNS TO SCALE ⋮ Growth, sectoral composition, and the evolution of income levels ⋮ Local and global indeterminacy in two-sector models of endogenous growth ⋮ Simplifying numerical analyses of Hamilton-Jacobi-Bellman equations ⋮ Transitional dynamics, externalities, optimal subsidy, and growth ⋮ Should a country invest more in human or physical capital? ⋮ On the emergence of competitive equilibrium growth cycles ⋮ Social status and long-run effects of monetary policy in a two-sector monetary economy of endogenous growth ⋮ Stability, global dynamics and Markov equilibrium in models of endogenous economic growth ⋮ Equilibrium dynamics in discrete-time endogenous growth models with social constant returns ⋮ Optimal balanced growth in a general multi-sector endogenous growth model with constant returns ⋮ On equilibrium elasticities of substitution in simple overlapping generations economies with heterogeneous goods ⋮ A two-country dynamic model of international trade and endogenous growth: multiple balanced growth paths and stability ⋮ ECONOMIC GROWTH WITH TRADE IN FACTORS OF PRODUCTION ⋮ Multiple equilibria, fiscal policy, and human capital accumulation ⋮ Monetary rules in a two-sector endogenous growth model ⋮ Decentralized allocation of human capital and nonlinear growth ⋮ Indeterminacy, intergenerational redistribution, endogenous longevity and human capital accumulation ⋮ Capital Depreciation, Factor Substitutability and Indeterminacy ⋮ Introduction to a general equilibrium approach to economic growth ⋮ On non-existence of Markov equilibria in competitive-market economies ⋮ Equilibrium dynamics in a two-sector model with taxes ⋮ Indeterminacy and endogenous growth with social constant returns ⋮ Temporal aggregation in a multi-sector economy with endogenous growth ⋮ INDETERMINACY AND THE ROLE OF FACTOR SUBSTITUTABILITY ⋮ Deficit, monetization, and economic growth: a case for multiplicity and indeterminacy ⋮ Dynamics in a transactions-based monetary growth model ⋮ A model of optimal allocations of physical capital and human capital in three sectors ⋮ Ramsey fiscal policy and endogenous growth ⋮ On the closed-form solution of an endogenous growth model with anticipated consumption ⋮ Fiscal policy and indeterminacy in models of endogenous growth. ⋮ Multiple transitional growth paths in endogenously growing open economies. ⋮ Sustained endogenous growth with decreasing returns and heterogeneous capital ⋮ Congestible public goods and local indeterminacy: a two-sector endogenous growth model ⋮ Factor taxation and labor supply in a dynamic one-sector growth model ⋮ Endogenous growth model with Bayesian learning and technology selection ⋮ Inflation, endogenous quality increment, and economic growth ⋮ ENDOGENOUS GROWTH, PRICE STABILITY AND MARKET DISEQUILIBRIA ⋮ Transitional dynamics in a two-sector non-scale growth model ⋮ The general instability of balanced paths in endogenous growth models: The role of transversality conditions ⋮ Market frictions, technology adoption and economic growth.
This page was built for publication: A general two-sector model of endogenous growth with human and physical capital: Balanced growth and transitional dynamics