Hung, N. M.; Van, Cuong Le; Michel, P. - Development and Policies Research Center (Depocen) - 2008
rate is either low enough or high enough, there will be one steady state equilibrium toward which the convergence of the … for having either one equilibrium or multiple equilibria steady state. Depending to whether the initial capital per capita … sufficient conditions to have either unique or two steady states when the discount rate is in some intermediate range . In the …
