THRESHOLD EXTERNALITIES AND CYCLICAL GROWTH IN A STYLIZED MODEL OF CAPITAL ACCUMULATION

被引：7

作者：

FUTAGAMI, K

MINO, K

机构：

[1] TOHOKU UNIV,FAC ECON,AOBA KU,SENDAI,MIYAGI 980,JAPAN

[2] RITSUMEIKAN UNIV,DEPT ECON,KITA KU,KYOTO 603,JAPAN

来源：

ECONOMICS LETTERS | 1993年 / 41卷 / 01期

关键词：

D O I：

10.1016/0165-1765(93)90119-W

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper introduces the threshold externalities into a stylized model of capital accumulation in which the representative agent endowed with perfect foresight has an infinite time horizon. It is shown that the threshold externalities may generate not only a multiplicity of equilibria but also a cyclical growth path that never converges to any steady state.

引用

页码：99 / 105

页数：7

共 11 条

[1] THRESHOLD EXTERNALITIES IN ECONOMIC-DEVELOPMENT [J].