The Segerstrom Model : Stability, Speed of Convergence and Policy Implications

This short paper presents a simple analytical stability proof for the well-known Segerstrom (1998) model of endogenous growth. Moreover, a calibrated version of the model is employed to assess the speed of convergence. The result shows that transitional dynamics are important and, hence, the policy ineffectiveness proposition of non-scale endogenous growth models must be qualified

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Year of publication:	2010
Authors:	Steger, Thomas Michael
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Endogenes Wachstumsmodell \| Endogenous growth model
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Bulletin, Vol. 15, No. 4, pp. 1-8, 2003 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 1, 2002 erstellt Volltext nicht verfügbar
Classification:	N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013139483