Mondal, Debasis - In: Journal of Macroeconomics 30 (2008) 3, pp. 1302-1322
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...