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Nonlinear dynamics in an OLG growth model with young and old age labour supply: the role of public health expenditure
Gori, Luca; Sodini, Mauro - Volkswirtschaftliche Fakultät, … - 2011
This paper analyses the dynamics of a two-dimensional overlapping generations model with young and old age labour supply. It is shown that the public provision of health investments, which, in turn, affects the demand for material consumption, may represent a source of local indeterminacy,...
Persistent link: https://www.econbiz.de/10008805890
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Stable balanced expansion in homogeneous dynamic models
Böhm, Volker - 2019
This paper examines the stability of balanced paths of expansion or contraction in closed macroeconomic models as … discussed. The appendix presents the mathematical tools and concepts to prove the stability of expanding/contracting paths in … international trade, or monetary macro, conditions of existence and stability are obtained applying the features of the non …
Persistent link: https://www.econbiz.de/10012042156
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Stable balanced expansion in homogeneous dynamic models
Böhm, Volker - 2019 - Version: June 4, 2019
This paper examines the stability of balanced paths of expansion or contraction in closed macroeconomic models as … discussed. The appendix presents the mathematical tools and concepts to prove the stability of expanding/contracting paths in … international trade, or monetary macro, conditions of existence and stability are obtained applying the features of the non …
Persistent link: https://www.econbiz.de/10012011755
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A Two-Sector Growth Model with an Intermediate Product
KUO, CHUN-YAN - Economics Department, Queen's University - 1974
factors are crucial in determining the properties of the model. All the conditions for stability are in fact much weaker than …
Persistent link: https://www.econbiz.de/10004976742
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Intermediate Products and the Two sector Growth Model in an Open economy
KUO, CHUN-YAN - Economics Department, Queen's University - 1977
The paper investigates whether the presence of the intermediate good plays a significant role in the growing economy. It also discusses the patterns of international specialization in relation to relative factor endowments. The paper finds that the factor intensities of final goods sectors in...
Persistent link: https://www.econbiz.de/10004976746
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Stability, Global Dynamics and Markov Equilibrium in Models of Economic Growth
García-Belenguer, Fernando - Departamento de Análisis Económico: Teoría … - 2006
stationary solutions and local stability of equilibria. Taxes on labor and subsidies to education may determine the existence of …
Persistent link: https://www.econbiz.de/10005456417
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Existence and stability of equilibria in OLG models under adaptive expectations
Longo, Michele; Valori, Vincenzo - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2001
develop the analysis of the model under adaptive expectations. We derive stability conditions and determine the bifurcation … diagram in all the three cases. From the comparison it results that stability conditions for the case with rational … OLG model of pure exchange, the adaptive expectations do not improve local stability performances of the model with …
Persistent link: https://www.econbiz.de/10008678783
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A post-Keynesian model of growth and distribution with a constraint on investment
Commendatore, Pasquale; Pinto, Antonio; Sushko, Iryna - In: Structural Change and Economic Dynamics 28 (2014) C, pp. 12-24
We introduce in a post-Keynesian/Kaleckian model of growth and distribution a constraint on firms’ investment induced by increasing adjustment costs and/or limited financial resources. Whereas in the short run limiting firms’ investment reduces capacity utilization and capital accumulation,...
Persistent link: https://www.econbiz.de/10011048676
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The Discrete-Time Ramsey Model with a Decreasing Population Growth Rate : Stability and Speed of Convergence
Brida, Juan Gabriel - 2015
This paper studies an extension of the Ramsey growth model of optimal capital accumulation in discrete time by departing from the standard assumption of constant population growth rate. More concretely, this rate is assumed to be decreasing over time and a general population growth law with this...
Persistent link: https://www.econbiz.de/10013013278
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The Uzawa-Lucas Model in Discrete Time with General Population Growth Rate
Alvarez, Emiliano - 2018
consumption showing the existence of a unique steady state which stability is analyzed. The paper compares the results with the …
Persistent link: https://www.econbiz.de/10012931393