Dynamics of a two-sector endogenous growth model with intersectoral knowledge spillovers
type: Item
instance of: scholarly article
title: Dynamics of a two-sector endogenous growth model with intersectoral knowledge spillovers
zbMATH Open document ID: 1149.91046
author: Takumi Naito
author: Ryoji Ohdoi
published in: Economic Theory
publication date: 2008-05-26T00:00:00Z
review text: In this paper a two sector endogenous growth model with learning inter-sectorial knowledge spillovers is studied. The authors obtained the following results: First the equilibrium path is locally unique if and only if the negative substitution effect is stronger (weaker) than the possibly positive income effect so that the excess demand curve is downward (upward) sloping. Second the income effect is negative if and only if a consumption good sector is more capital sensitive.
reviewed by: E. Ahmed
Mathematics Subject Classification ID: 91B62
zbMATH DE Number: 5278995
zbMATH Keywords: Two sector endogenous growth model
zbMATH Keywords: excess demand curve
zbMATH Keywords: Income effect
MaRDI profile type: Publication
full work available at URL: s00199-007-0242-7
OpenAlex ID: W2015054534
cites work: Public Finance in Models of Economic Growth
cites work: On intersectoral allocations, factors substitutability and multiple long-run growth paths
cites work: Optimum Technical Change in An Aggregative Model of Economic Growth
DOI: 10.1007/S00199-007-0242-7
description: scientific article; zbMATH DE number 5278995