Prometheus bound:polarization is possible in the neoclassical growth model

Tsionas, Michael and Theocharis, Loukas (2008) Prometheus bound:polarization is possible in the neoclassical growth model. Metroeconomica, 59 (2). pp. 203-211. ISSN 0026-1386

Full text not available from this repository.

Abstract

The paper demonstrates that the standard neoclassical model of stochastic growth in the absence of any other modifications is consistent with club convergence contrary to the analysis in Cetorelli (2002, Journal of Economic Dynamics and Control, 27, pp. 29–50). In that sense, it is not necessary to augment the model with a probability of adverse shocks that is inversely related to aggregate capital stock or provide other modifications.

Item Type:
Journal Article
Journal or Publication Title:
Metroeconomica
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
65258
Deposited By:
Deposited On:
18 Jun 2013 08:22
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Jan 2020 08:32