Local and global indeterminacy in two-sector models of endogenous growth

Bibliographic Details
Main Author: Brito, Paulo
Publication Date: 2009
Other Authors: Venditti, Alain
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.5/30449
Summary: In this paper we consider a two-sector endogenous growth model where the productions of the final good and human capital require economy-wide external effects. Assuming constant returns to scale at the private and social levels, we show that local and global indeterminacy of equilibrium paths are compatible with any values for the elasticity of intertemporal substitution in consumption and any sign for the capital intensity difference across the two sectors.
id RCAP_dc1db2e4657aa31990c13374a66af8f4
oai_identifier_str oai:repositorio.ulisboa.pt:10400.5/30449
network_acronym_str RCAP
network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository_id_str https://opendoar.ac.uk/repository/7160
spelling Local and global indeterminacy in two-sector models of endogenous growthTwo-Sector ModelEndogenous GrowthEconomy-Wide ExternalitiesLocal and Global IndeterminacyIn this paper we consider a two-sector endogenous growth model where the productions of the final good and human capital require economy-wide external effects. Assuming constant returns to scale at the private and social levels, we show that local and global indeterminacy of equilibrium paths are compatible with any values for the elasticity of intertemporal substitution in consumption and any sign for the capital intensity difference across the two sectors.GREQAMRepositório da Universidade de LisboaBrito, PauloVenditti, Alain2024-03-19T11:10:33Z20092009-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/30449engBrito, Paulo and Alain Venditti .(2009). “Local and global indeterminacy in two-sector models of endogenous growth”, GREQAM - Document de Travail n° 2009-15. (Search PDF in 2024).2047-220Xinfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:27:45Zoai:repositorio.ulisboa.pt:10400.5/30449Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:15:40.039198Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Local and global indeterminacy in two-sector models of endogenous growth
title Local and global indeterminacy in two-sector models of endogenous growth
spellingShingle Local and global indeterminacy in two-sector models of endogenous growth
Brito, Paulo
Two-Sector Model
Endogenous Growth
Economy-Wide Externalities
Local and Global Indeterminacy
title_short Local and global indeterminacy in two-sector models of endogenous growth
title_full Local and global indeterminacy in two-sector models of endogenous growth
title_fullStr Local and global indeterminacy in two-sector models of endogenous growth
title_full_unstemmed Local and global indeterminacy in two-sector models of endogenous growth
title_sort Local and global indeterminacy in two-sector models of endogenous growth
author Brito, Paulo
author_facet Brito, Paulo
Venditti, Alain
author_role author
author2 Venditti, Alain
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Brito, Paulo
Venditti, Alain
dc.subject.por.fl_str_mv Two-Sector Model
Endogenous Growth
Economy-Wide Externalities
Local and Global Indeterminacy
topic Two-Sector Model
Endogenous Growth
Economy-Wide Externalities
Local and Global Indeterminacy
description In this paper we consider a two-sector endogenous growth model where the productions of the final good and human capital require economy-wide external effects. Assuming constant returns to scale at the private and social levels, we show that local and global indeterminacy of equilibrium paths are compatible with any values for the elasticity of intertemporal substitution in consumption and any sign for the capital intensity difference across the two sectors.
publishDate 2009
dc.date.none.fl_str_mv 2009
2009-01-01T00:00:00Z
2024-03-19T11:10:33Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/30449
url http://hdl.handle.net/10400.5/30449
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Brito, Paulo and Alain Venditti .(2009). “Local and global indeterminacy in two-sector models of endogenous growth”, GREQAM - Document de Travail n° 2009-15. (Search PDF in 2024).
2047-220X
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv GREQAM
publisher.none.fl_str_mv GREQAM
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
_version_ 1833601996961087488

Similar Items