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- URN zum Zitieren dieses Dokuments:
- urn:nbn:de:bvb:355-opus-6730
- DOI zum Zitieren dieses Dokuments:
- 10.5283/epub.4529
Zusammenfassung
This paper replaces increasing product variety with quality upgrading in the Romer (1990) model. We show that the range of parameters for which a steady state exists can be divided into two subspaces with well-behaved comparative statics and saddle-point dynamics in one subspace, but with "perverse" comparative-statics properties and either equilibrium indeterminacy or instability in the other ...
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