Periodic solutions of the one-sector growth model: The role of income effects

Kazumichi Iwasa and Gerhard Sorger

Journal of Mathematical Economics, 2018, vol. 78, issue C, 59-63

Abstract: The discrete-time version of the neoclassical one-sector growth model with elastic labour supply is considered. It is shown that this model can have periodic solutions only if leisure is not a normal good.

Keywords: Optimal growth; Elastic labour supply; Periodic solutions; Non-normality of leisure (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Working Paper: Periodic Solutions of the One-sector Growth Model: The Role of Income Effects (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:78:y:2018:i:c:p:59-63

DOI: 10.1016/j.jmateco.2018.07.008

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