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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
Persistent link: https://www.econbiz.de/10005767510
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
<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
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
This paper demonstrates the existence of a finite set of equilibria in the case of the indeterminacy of linear rational …
Persistent link: https://www.econbiz.de/10010957782
phenomena may cause global indeterminacy even if the stationary equilibria are locally determinate. …
Persistent link: https://www.econbiz.de/10009397183
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. The obtained conditions represent the counterpart of the Blanchard and Kahn conditions...
Persistent link: https://www.econbiz.de/10010607678
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
We develop a two-sector model to analyze which kind of social <p> organization generates trust. Social capital is de…ned as trust. We examine two <p> communities: the bedroom community in which people commute long distance <p> to work and the virility community in which people do not commute to work. <p>...</p></p></p></p>
Persistent link: https://www.econbiz.de/10005652477