Endogenous Growth and Time-to-Build: the AK Case

In this paper, a continuous time AK model is fully analyzed under the time-to-build assumption. Existence and uniqueness of a balance growth path, as well as oscillatory convergence are proved. Moreover, the role of transversality conditions and capital depreciation are highlighted. Numerical simulations are also provided for different choices of the time-to-build delay.

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Year of publication:	2006
Authors:	Bambi, Mauro
Institutions:	Department of Economics, European University Institute
Subject:	AK Model \| Time-to-Build \| D-Subdivision method

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Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series European University Institute Working Papers Number ECO2006/17
Classification:	E00 - Macroeconomics and Monetary Economics. General ; E3 - Prices, Business Fluctuations, and Cycles ; O40 - Economic Growth and Aggregate Productivity. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005697751