Multiplicité d'équilibres, dynamique transitionnelle et bien-être dans le modèle de croissance AK

Edouard Challe

Post-Print from HAL

Abstract: This paper analyses the dynamics and welfare properties of a simple AK endogenous growth model with intersectoral capital externalities. When externalities are sufficiently large, the model generates multiple growth trajectories all convergingtowards the (unique) balanced growth path. Solving the model in continuous time allows for the analytical characterisation of the transitional dynamics associated with such trajectories, as well as for their ranking in terms of welfare.

Keywords: Equilibres multiples; croissance (search for similar items in EconPapers)
Date: 2005-05-01
References: Add references at CitEc
Citations:

Published in Revue Economique, 2005, 56(3), pp.725-734

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Multiplicité d'équilibres, dynamique transitionnelle et bien-être dans le modèle de croissance AK (2005)
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:hal:journl:halshs-00151473

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().