A discrete two-sector economic growth model (Q2478363)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A discrete two-sector economic growth model |
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A discrete two-sector economic growth model (English)
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28 March 2008
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Summary: This paper studies a key model in economic theory-the two-sector growth model-with an alternative utility function. We show that the system has a unique stable equilibrium when the production functions take on the Cobb-Douglas form. We also simulate the model and demonstrate effects of changes in some parameters.
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