Growth Models with Multiple Steady States

Kazuo Mino

Chapter Chapter 4 in Growth and Business Cycles with Equilibrium Indeterminacy, 2017, pp 93-120 from Springer

Abstract: Abstract This chapter examines growth models in which there are multiple steady states. This class of models can explain why two countries with similar initial conditions sometimes display very different patterns of growth and development.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-4-431-55609-1_4

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DOI: 10.1007/978-4-431-55609-1_4

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