A two-country dynamic model of international trade and endogenous growth: Multiple balanced growth paths and stability
نویسندگان
چکیده
منابع مشابه
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چکیده ندارد.
15 صفحه اولIndeterminate growth paths and stability
Indeterminacy in an economic growth model arises whenever the stable manifold has dimension greater than the number of predetermined initial conditions. The stability (indeterminacy) of transition paths in the Benhabib and Farmer (1996) model of growth is investigated, using both the Lyapunov method and numerical simulation techniques. The sensitivity of transient dynamics is analyzed with resp...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 2007
ISSN: 0304-4068
DOI: 10.1016/j.jmateco.2006.05.005