Initial imbalance and long run inequality : numerical evaluation of the Lucas model

Karl-Josef Koch (University of Siegen)

In a model of balanced growth applied to a sample of economies convergence does not mean long run equality. In the paper we show how to shed light upon the relation between initial imbalance and long run inequality. We define three different state value classifications which refer to initial, transitional and long run performance of economies. The formal concepts are evaluated with the numerical method of relaxation.

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Year of publication:	August 28, 2005
Authors:	Koch, Karl-Josef
Publisher:	Siegen : Universität Siegen, Fachbereich Wirtschaftswissenschaften

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Extent:	1 Online-Ressource (circa 26 Seiten) Illustrationen
Series:	Volkswirtschaftliche Diskussionsbeiträge. - Siegen, ISSN 1869-0211, ZDB-ID 2148236-6. - Vol. no. 05, 124
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Notes:	Erscheint auch als Druck-Ausgabe
Other identifiers:	hdl:10419/118773 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011615968