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Global Endogenous Growth.pdf

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Preview of Global Endogenous Growth
🔗 Source: mpra.ub.uni-muenchen.de
📊 Size: 642 KB
📄 Pages: 45 pages
⬇️ Downloads: 128

Summary

Global endogenous growth and distributional dynamics are modeled using a partial differential equation, considering the distribution of capital and output across time and space. The model displays global endogenous growth and transitional convergence in a distributional sense, with long-run growth possible even with decreasing returns to scale. A diffusion-induced bifurcation can lead to long-run growth, and the optimal solution admits a separation between trend and transitional dynamics, converging asymptotically to a homogeneous distribution.

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Description

Global endogenous growth and distributional dynamics are modeled using a partial differential equation, considering the distribution of capital and output...

Technical Information

  • File Format: PDF
  • File Size: 642 KB
  • Pages: 45
  • Language: EN
  • Total Downloads: 128
  • Last Updated: 5 hours ago

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