Complementarities, costly investment and multiple equilibria in a one-sector endogenous growth model
In this paper we develop a multiple equilibria one-sector R&D-based growth model, in which the key aspects are the assumption of complementarities between capital goods in the production function and the assumption of costly investment in capital. This second assumption is new to the R&D-bas...
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| Format: | workingPaper |
| Language: | eng |
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2003
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| Online Access: | http://hdl.handle.net/1822/1291 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/1291 |