On the stability of the steady-state of a general model of endogenous growth with two $CES$ production functions

Constantin Chilarescu

Papers from arXiv.org

Abstract: The main aim of this paper is to study the steady-state properties of a general Bond-type endogenous growth model, considering that both sectors are modeled by two distinct $CES$ production functions. We prove here that in this case, we cannot claim the saddle-path stability.

Date: 2026-04
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