Local indeterminacy in continuous-time models: the role of returns to scale

DOI10.1017/S1365100511000137MaRDI QIDQ5325985zbMATH OpenOpenAlexFDO

Authors Jean-Philippe Garnier, Kazuo Nishimura, Alain Venditti

Publication date 31 July 2013

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/s1365100511000137

zbMATH Keywords

optimal controlindeterminacynonlinear dynamicssector-specific externalitiesinfinite-horizon growth models

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A general two-sector model of endogenous growth with human and physical capital: Balanced growth and transitional dynamics
• Capacity utilization under increasing returns to scale
• Capital-labor substitution and competitive nonlinear endogenous business cycles
• Indeterminacy Under Constant Returns to Scale in Multisector Economies
• Indeterminacy and sunspots with constant returns
• Indeterminacy in a model with sector-specific externalities
• Indeterminacy in discrete-time infinite-horizon models with non-linear utility and endogenous labor
• Indeterminacy with almost constant returns to scale: capital-labor substitution matters
• Real business cycles and the animal spirits hypothesis
• Special functions for the study of economic dynamics: the case of the Lucas-Uzawa model
• Stability, global dynamics and Markov equilibrium in models of endogenous economic growth
• Uniqueness and indeterminacy: On the dynamics of endogenous growth

Cited in

(6)

• REDUCTION OF THE THREE-WAVE INTERACTION TO THE SIXTH PAINLEVÉ EQUATION
• Progressive taxation and macroeconomic stability in two-sector models with social constant returns
• Equilibrium dynamics in discrete-time endogenous growth models with social constant returns
• On the minimum degree of returns to scale in sunspot models of the business cycle.
• Indeterminacy and expectation-driven fluctuations with non-separable preferences
• Free labor mobility and indeterminacy in models of neoclassical growth

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