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Stability of the Market Equilibrium in Romer's Model of Endogenous Technological Change: A Complete Characterization

Arnold, Lutz G. (2000) Stability of the Market Equilibrium in Romer's Model of Endogenous Technological Change: A Complete Characterization. Journal of Macroeconomics 22 (1), pp. 69-84.

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Abstract

Despite much interest in the dynamic behavior of endogenous growth models, the dynamics of probably the most influential endogenous growth model, Romer's celebrated model of Endogenous Technological Change, has not yet been fully analyzed. This gap in the literature is filled by the present paper. It is shown that a unique and monotonic growth path converges to the steady state. No ...

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Item Type:Article
Date:2000
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)
Identification Number:
ValueType
10.1016/S0164-0704(00)00123-3DOI
Subjects:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Unknown
Owner: Universitätsbibliothek Regensburg
Deposited On:24 Jun 2010 04:59
Last Modified:24 Jun 2010 04:59
Item ID:15549
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