Impatience and long-run growth

Article Abstract:

The possibility of an infinite growth path at rising rates in a nonconvex optimal growth model with endogenous discounting is considered. Such path tends to occur when the economy comprises of agents whose impatience does not increase significantly along the course of a consumption path. This analysis extends Romer's 1986 work on increasing returns and long-term growth.

Analysis, Economic aspects, Economic development, Growth, Growth (Physiology), Patience

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Intersectoral external effects, multiplicities & indeterminacies

Article Abstract:

Research exploring indeterminacies originating from externalities of global capital stock is presented. Particular attention is given to inter-sectoral dependency in economic competitiveness and to sectoral production technologies.

International aspects, International economic relations, Externalities (Economics)

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Gaining the competitive edge using internal and external spillovers: a dynamic analysis

Article Abstract:

The authors research a situation where there are two clusters of firms which communicate about their profits.

Science & research, Usage, Dynamical systems

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