Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/118771 
Year of Publication: 
2002
Series/Report no.: 
Volkswirtschaftliche Diskussionsbeiträge No. 101-02
Publisher: 
Universität Siegen, Fakultät III, Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht, Siegen
Abstract: 
The core of the analysis of endogenous growth models typically is the examination optimality and stability of balanced growth trajectories. But the development of a robust and general economic theory of endogenous growth around this concept is limited by the lack of simple tools of analysis. In the paper we broaden the concept of balanced growth and propose two new methods of analysis. The first one invokes the theory of time varying systems and the second one is a compactification approach. Both methods are designed to clarify to what extent the linearization of the system along a path of balanced growth reveals enough information about the dynamics in a neighborhood of the path.
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.