Indeterminacy in a variety expansion model of endogenous growth

Jorge Alcalde-Unzu ()
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Jorge Alcalde-Unzu: University of the Basque Country

Economics Bulletin, 2007, vol. 4, issue 18, 1-7

Abstract: In this paper, I demonstrate that an expanding variety model of endogenous growth with temporary monopoly power exhibits the indeterminacy of equilibrium paths. This implies the existence of a global range of initial growth rates for any initial level of the state variable.

Keywords: endogenous; growth (search for similar items in EconPapers)
JEL-codes: D9 O4 (search for similar items in EconPapers)
Date: 2007-05-22
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