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We formulate a two-country endogenous growth model which explain joint determination of long-run trade patterns and world growth rates. After providing the existence and local stability of the continuum of balanced growth paths, we show that main standard trade propositions hold under some...
Persistent link: https://www.econbiz.de/10005784049
This paper surveys the literature on cyclical and chaotic equilibrium paths in deterministic optimal growth models with infinitely lived agents. We focus on discrete time models but also briefly mention results for continuous time models. We start by reviewing those results that have been proved...
Persistent link: https://www.econbiz.de/10004966110
Intro -- Contents -- Introduction -- 1 Lionel W. McKenzie -- 2 Equilibrium, Trade, and Capital Accumulation -- Equilibrium -- 3 On Equilibrium in Graham's Model of World Trade and Other Competitive Systems -- 4 Competitive Equilibrium with Dependent Consumer Preferences -- 5 Demand Theory...
Persistent link: https://www.econbiz.de/10012682036
1. David Pines and Me -- 2. To err is human: the complex nature of human reproduction and prenatal development -- 3. Short notes on theories of species diversity -- 4. Museum Workshop, evolution of human intelligence and education -- 5. Anomalous behavior of random walks on disordered media --...
Persistent link: https://www.econbiz.de/10012655230