Endogenous growth and time to build: the AK case.

In this paper an AK growth model is fully analyzed under the time to build assumption. The existence and uniqueness of the (real) balanced growth path and the oscillatory convergence of detrended capital while detrended consumption is constant over time is proved. Moreover the role of transversality conditions and the assumption of capital utilization depending on the time to build coefficient, make these results hold for any value of the delay

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Year of publication:	2006-07-04
Authors:	Bambi, Mauro
Institutions:	Society for Computational Economics - SCE
Subject:	AK model \| Time to build \| D-Subdivision method

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Extent:	application/pdf
Series:	Computing in Economics and Finance 2006.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Computing in Economics and Finance 2006 Number 77
Classification:	E00 - Macroeconomics and Monetary Economics. General ; E3 - Prices, Business Fluctuations, and Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005170553