Wong, Tsz-Nga; Yip, Chong K. - In: Journal of Economic Dynamics and Control 34 (2010) 4, pp. 623-635
This paper introduces a new production externality via factor substitution and explores its effects on generating indeterminacy in one-sector growth models. With the elasticity of substitution depends on the average level of capital intensity, indeterminacy is possible as long as the...