Stability analysis of the Grossman-Helpman model of endogenous product cycles

This paper analyses the stability properties of the Grossman-Helpman [Grossman, G. Helpman, E., 1991b. Endogenous product cycles. The Economic Journal 101, 1229-1241] product-variety model of endogenous product cycles. It has been shown that there exists a unique saddle path converging to the steady state growth equilibrium of this model in the wide gap case as well as in the narrow gap case.

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Year of publication:	2008
Authors:	Mondal, Debasis
Published in:	Journal of Macroeconomics. - Elsevier, ISSN 0164-0704. - Vol. 30.2008, 3, p. 1302-1322
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005247214