Instabilit? harrodiana e teoria della crescita endogena

Giulio Guarini ()

STUDI ECONOMICI, 2007, vol. 2007/91, issue 91, 91-116

Abstract: Harrodian Instability and Endogenous Growth (by Giulio Guarini) - ABSTRACT: Theory In this article, I study the harrodian instability in the growth processes with mainstream production functions, analyzing three important approaches: Lucas (1988), Rome (1990), Grossman-Helpman (1991). After describing that harrodian instability is important for the economic growth but it is absent in these models, I build new models with the same mainstream production functions to analyze the convergence process between the warranted growth rate and the natural growth rate when the interest rate changes. Finally, for these models, I write the sraffian system with heterogeneous capital goods and I show that the convergence process can have infinitive states and solutions caused by infinitive states of the relation between interest rate and capital intensity like multiple equilibrium, nonexistence of equilibrium and instability of equilibrium. Keywords: Harrodian Instability, Endogenous Growth Model, Cambridge Capital Controversy

Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.francoangeli.it/riviste/Scheda_Rivista. ... 332&Tipo=ArticoloPDF (text/html)
Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fan:steste:v:html10.3280/ste2007-091005

Ordering information: This journal article can be ordered from
http://www.francoang ... io.aspx?IDRivista=59

Access Statistics for this article

STUDI ECONOMICI is currently edited by FrancoAngeli

More articles in STUDI ECONOMICI from FrancoAngeli Editore
Bibliographic data for series maintained by Stefania Rosato ().