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Article: Transitional dynamics and indeterminacy of equilibria in an endogenous growth model with a public input

TitleTransitional dynamics and indeterminacy of equilibria in an endogenous growth model with a public input
Authors
Issue Date2003
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/RDE
Citation
Review Of Development Economics, 2003, v. 7 n. 1, p. 86-98 How to Cite?
AbstractThe authors analyze an endogenous growth model with economy-wide increasing returns, in which a public input is essential for private production. Within such a framework, it is shown that a continuum of equilibria and global indeterminacy can arise for reasonable parameter values, simply due to the presence of endogenous public policy. This can potentially account for "leapfrogging" or retroceding growth experiences. It is demonstrated how fiscal policy can serve as a selection device among different convergent paths.
Persistent Identifierhttp://hdl.handle.net/10722/177698
ISSN
2015 Impact Factor: 0.296
2015 SCImago Journal Rankings: 0.331
References

 

DC FieldValueLanguage
dc.contributor.authorPalivos, Ten_US
dc.contributor.authorYip, CKen_US
dc.contributor.authorZhang, Jen_US
dc.date.accessioned2012-12-19T09:39:35Z-
dc.date.available2012-12-19T09:39:35Z-
dc.date.issued2003en_US
dc.identifier.citationReview Of Development Economics, 2003, v. 7 n. 1, p. 86-98en_US
dc.identifier.issn1363-6669en_US
dc.identifier.urihttp://hdl.handle.net/10722/177698-
dc.description.abstractThe authors analyze an endogenous growth model with economy-wide increasing returns, in which a public input is essential for private production. Within such a framework, it is shown that a continuum of equilibria and global indeterminacy can arise for reasonable parameter values, simply due to the presence of endogenous public policy. This can potentially account for "leapfrogging" or retroceding growth experiences. It is demonstrated how fiscal policy can serve as a selection device among different convergent paths.en_US
dc.languageengen_US
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/RDEen_US
dc.relation.ispartofReview of Development Economicsen_US
dc.titleTransitional dynamics and indeterminacy of equilibria in an endogenous growth model with a public inputen_US
dc.typeArticleen_US
dc.identifier.emailZhang, J: jjzhang@econ.hku.hken_US
dc.identifier.authorityZhang, J=rp01124en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0037326189en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0037326189&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume7en_US
dc.identifier.issue1en_US
dc.identifier.spage86en_US
dc.identifier.epage98en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridPalivos, T=6603951585en_US
dc.identifier.scopusauthoridYip, CK=7101665533en_US
dc.identifier.scopusauthoridZhang, J=55367373100en_US

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