YATSENKO, Yuri; BOUCEKKINE, Raouf; HRITONENKO, Natali - Center for Operations Research and Econometrics (CORE), … - 2008
Several R&D-based models of endogenous economic growth are investigated under the Solow-like assumption of fixed allocation of resources across activities. We identify model parameters that lead to explosive dynamics and analyze various economic techniques to avoid it. The techniques include...