Sustained Endogenous Growth with Decreasing Returns and Heterogeneous Capital II

Michael Kaganovich ()

Working Papers from Indiana - Center for Econometric Model Research

Abstract: The possibilityof sustained long-run growth is typically associated with the presence of some endogenous "engine of growth". It may allow the economy to grow without bound despite the use of some non-reproducible resources. Such situations can lead to dynamic models combining the features of sustainable growth and decreasing returns. One-sector models of this kind have recently attracted much attention in macroeconomics applications.

Keywords: ECONOMIC GROWTH; CAPITAL (search for similar items in EconPapers)
JEL-codes: O41 (search for similar items in EconPapers)
Date: 1997

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Persistent link: http://EconPapers.repec.org/RePEc:fth:indian:97-005

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