A Model of Endogenous Growth: The Case of an Innovative Economy
Résumé
The main aim of this paper is to bring some improvements to the model developed by Funke and Strulik, having as starting point
the basic model proposed by Grossman and Helpman. We will prove that the competitive equilibrium solution is locally unique.
Nevertheless, at least as regards the stability of equilibrium point, we confirm the results obtained by Funke and Strulik.
Domaines
Economies et financesOrigine | Fichiers éditeurs autorisés sur une archive ouverte |
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