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Transitional Dynamics in an Endogenous Growth Model with Physical Capital, Human Capital and R&D
dc.contributor.author | Gómez Suárez, Manuel A. | |
dc.date.accessioned | 2022-03-16T12:20:25Z | |
dc.date.available | 2022-03-16T12:20:25Z | |
dc.date.issued | 2005-03 | |
dc.identifier.citation | Gómez, M.A. (2005). Transitional Dynamics in an Endogenous Growth Model with Physical Capital, Human Capital and R&D. Studies in Nonlinear Dynamics & Econometrics, 9 (1). https://doi.org/10.2202/1558-3708.1240 | es_ES |
dc.identifier.issn | 1558-3708 | |
dc.identifier.uri | http://hdl.handle.net/2183/30023 | |
dc.description.abstract | [Abstract]: We analyze the transitional dynamics of an endogenous growth model with physical capital, human capital, and R&D. We provide conditions for the existence of a feasible steady state equilibrium with positive long-run growth. For appropriate parameter values, the transitional dynamics of the model is represented by a two-dimensional stable manifold. This provides much richer dynamics than that of the standard two-sector endogenous growth model which is characterized by a one-dimensional stable manifold. We also show how the adjustment paths can be correctly computed by noting that the continuity of the shadow prices involves the continuity of transitional paths. | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | De Gruyter | es_ES |
dc.relation.uri | https://doi.org/10.2202/1558-3708.1240 | es_ES |
dc.title | Transitional Dynamics in an Endogenous Growth Model with Physical Capital, Human Capital and R&D | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.rights.access | info:eu-repo/semantics/openAccess | es_ES |
UDC.journalTitle | Studies in Nonlinear Dynamics & Econometrics | es_ES |
UDC.volume | 9 | es_ES |
UDC.issue | 1 | es_ES |
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