Complementarities and costly investment in a one-sector growth model
The presence of complementarities generally makes a growth model nonlinear, hence delivering multiple equilibria. Introducing internal investment costs in the R&Dbased growth literature, we develop a growth model which combines the assumptions of complementarities between capital goods in the pr...
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| Format: | workingPaper |
| Language: | eng |
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2007
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| Online Access: | http://hdl.handle.net/1822/6837 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/6837 |