On the dynamics of an endogenous growth model with learning by doing

Greiner A (2003)
ECONOMIC THEORY 21(1): 205-214.

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Zeitschriftenaufsatz | Veröffentlicht | Englisch
Abstract / Bemerkung
The paper studies the local dynamics of an endogenous growth model with externalities of investment. It is demonstrated that, in case of sustained per capita growth, the competitve economy is characterized by a situation with a unique balanced growth path which is saddle point stable or by a situation with two balanced growth paths. If there are two balanced growth paths, the one with the higher growth rate is a saddle point whereas the path with the lower growth rate is either completely stable, with convergence to a rest point or limit cycle, or completely unstable. In the social optimum the existence of a balanced growth path implies that it is unique and that this path is a saddle point.
Erscheinungsjahr
Zeitschriftentitel
ECONOMIC THEORY
Band
21
Zeitschriftennummer
1
Seite
205-214
ISSN
eISSN
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Greiner A. On the dynamics of an endogenous growth model with learning by doing. ECONOMIC THEORY. 2003;21(1):205-214.
Greiner, A. (2003). On the dynamics of an endogenous growth model with learning by doing. ECONOMIC THEORY, 21(1), 205-214. doi:10.1007/s00199-001-0254-7
Greiner, A. (2003). On the dynamics of an endogenous growth model with learning by doing. ECONOMIC THEORY 21, 205-214.
Greiner, A., 2003. On the dynamics of an endogenous growth model with learning by doing. ECONOMIC THEORY, 21(1), p 205-214.
A. Greiner, “On the dynamics of an endogenous growth model with learning by doing”, ECONOMIC THEORY, vol. 21, 2003, pp. 205-214.
Greiner, A.: On the dynamics of an endogenous growth model with learning by doing. ECONOMIC THEORY. 21, 205-214 (2003).
Greiner, Alfred. “On the dynamics of an endogenous growth model with learning by doing”. ECONOMIC THEORY 21.1 (2003): 205-214.