. For appropriate parameter values, the transitional dynamics of the model is represented by a two-dimensional stable …

We analyze the transitional dynamics of a model with heterogeneous consumption goods. In this model, convergence is … aforementioned dynamic sectoral change arises only under heterogeneous consumption goods, the transitional dynamics of this model … transitional dynamics can give raise to large discrepancies in the welfare cost of shocks between the economy with a unique …

This paper offers a comprehensive study on transitional dynamics within R&D-based models of endogenous growth. There … the relative importance of transitional dynamics vis-à-vis balanced-growth dynamics, special emphasis is given to the rate …

This paper considers transitional dynamics of consumption and physical capital in Lucas-type growth models. We find … able to generate a sustainable path of development when the steady state coexists with the transitional dynamics. According …

This paper offers a comprehensive study on transitional dynamics within R&D-based models of endogenous growth. There … the relative importance of transitional dynamics vis-à-vis balanced-growth dynamics, special emphasis is given to the rate …

This paper offers a comprehensive study on transitional dynamics within R&D-based models of endogenous growth. There … the relative importance of transitional dynamics vis-à-vis balanced-growth dynamics, special emphasis is given to the rate …