(In)determinacy, increasing returns, and the optimality of the Friedman rule in an endogenously growing open economy
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Publication:976765
DOI10.1007/S00199-009-0457-XzbMath1231.91327OpenAlexW2169989234MaRDI QIDQ976765
Chi-Ting Chin, Ching-Chong Lai
Publication date: 16 June 2010
Published in: Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s00199-009-0457-x
endogenous growthsmall open economyimperfect capital marketsinvestment adjustment coststhe Friedman rule
Economic growth models (91B62) Special types of economic markets (including Cournot, Bertrand) (91B54)
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- An Intertemporal Model of Saving and Investment
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