Instability of Equilibrium Growth
If the solution to a dynamic optimization problem is interpreted as an equilibrium growth path, then the Harrod instability proposition applies not only to the neoclassical growth model but also to the more recent endogenous growth version.
Year of publication: |
1996
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Authors: | Jose Encarnacion Jr. |
Published in: |
Philippine Review of Economics. - School of Economics. - Vol. 33.1996, 2, p. 175-183
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Publisher: |
School of Economics |
Saved in:
freely available
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