2009, English, Article edition: Local and global indeterminacy in two-sector models of endogenous growth Brito, Paulo; Venditti, Alain

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Physical Description
  • text
Published
  • HAL - CCSD
  • 2009
Language
  • English

Edition details

Title
  • Local and global indeterminacy in two-sector models of endogenous growth
Author
  • Brito, Paulo
  • Venditti, Alain
Published
  • HAL - CCSD
  • 2009
Physical Description
  • text
Subjects
Notes
  • In this paper we consider a two-sector endogenous growth model where the productions of the final good and human capital require economy-wide external effects. Assuming constant returns to scale at the private and social levels, we show that local and global indeterminacy of equilibrium paths are compatible with any values for the elasticity of intertemporal substitution in consumption and any sign for the capital intensity difference across the two sectors.
  • HAL:halshs-00408018, version 1
  • HAL:http:/​/​halshs.archives-ouvertes.fr/​halshs-00408018/​en/​
Language
  • English
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