A Model of Endogenous Growth: The Case of an Innovative Economy

The main aim of this paper is to bring some improvements to the model developed by Funke and Strulik, having as starting point the basic model proposed by Grossman and Helpman. We will prove that the competitive equilibrium solution is locally unique. Nevertheless, at least as regards the stability...

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Veröffentlicht in:	ISRN economics 2013-12, Vol.2013, p.1-6
Hauptverfasser:	Chilarescu, Constantin, Viasu, Ioana
Format:	Artikel
Sprache:	eng
Schlagworte:	Economics and Finance Humanities and Social Sciences
Online-Zugang:	Volltext
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Beschreibung
Zusammenfassung:	The main aim of this paper is to bring some improvements to the model developed by Funke and Strulik, having as starting point the basic model proposed by Grossman and Helpman. We will prove that the competitive equilibrium solution is locally unique. Nevertheless, at least as regards the stability of equilibrium point, we confirm the results obtained by Funke and Strulik.
ISSN:	2090-8938 2356-7872 2090-8938 2356-7872
DOI:	10.1155/2013/901096