Affordable Access

Sustained Endogenous Growth with Decreasing Returns and Heterogeneous Capital II

Authors
Disciplines
  • Economics

Abstract

The possibilityof sustained long-run growth is typically associated with the presence of some endogenous "engine of growth". It may allow the economy to grow without bound despite the use of some non-reproducible resources. Such situations can lead to dynamic models combining the features of sustainable growth and decreasing returns. One-sector models of this kind have recently attracted much attention in macroeconomics applications.

There are no comments yet on this publication. Be the first to share your thoughts.