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exploitation. We characterize the cyclicals dynamics of the economy, show that indeterminacy may appear, and establish some …
Persistent link: https://www.econbiz.de/10005015257
In this paper we study a simple endogenous growth model in which the two engines of growth are the exogenous technical progress in dematerialization and the accumulation of a renewable natural resource. The model is also labeled as been "endogenous" as the rate of growth of natural capital is...
Persistent link: https://www.econbiz.de/10005008059
Persistent link: https://www.econbiz.de/10005767510
<p> Over the years "S-shaped" evolutions have regularly been incorporated in economic models, and indeed in those of other sciences, by way of the logistic or Gompertz equations. However, both equations have noteworthy shortcomings when fitting some empirical features of economic growth: the...</p>
Persistent link: https://www.econbiz.de/10005032771
This paper proposes conditions for the existence and uniqueness of solutions to systems of linear differential or algebraic equations with delays or advances, in which some variables may be non-predetermined. These conditions represent the counterpart to the Blanchard and Kahn conditions for the...
Persistent link: https://www.econbiz.de/10011107980
(indeterminacy of self-consistent policy functions). …
Persistent link: https://www.econbiz.de/10011111557
This paper demonstates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10011112237
shows that local indeterminacy always arises independently of the capital market regime. To study the dynamic implications …
Persistent link: https://www.econbiz.de/10011112431
This paper demonstates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10010812336
imperfect capital markets and show that local indeterminacy always arises independently of the capital market regime. Also, we …
Persistent link: https://www.econbiz.de/10010856900