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Stability analysis of the Grossman-Helpman model of endogenous product cycles

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  • Mondal, Debasis

Abstract

This paper analyses the stability properties of the Grossman-Helpman [Grossman, G. Helpman, E., 1991b. Endogenous product cycles. The Economic Journal 101, 1229-1241] product-variety model of endogenous product cycles. It has been shown that there exists a unique saddle path converging to the steady state growth equilibrium of this model in the wide gap case as well as in the narrow gap case.

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  • Mondal, Debasis, 2008. "Stability analysis of the Grossman-Helpman model of endogenous product cycles," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1302-1322, September.
    • Handle: RePEc:eee:jmacro:v:30:y:2008:i:3:p:1302-1322
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    Cited by:

    1. Barnett, William A. & Ghosh, Taniya, 2013. "Bifurcation analysis of an endogenous growth model," The Journal of Economic Asymmetries, Elsevier, vol. 10(1), pages 53-64.
    2. William A. Barnett & Taniya Ghosh, 2014. "Stability analysis of Uzawa–Lucas endogenous growth model," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 2(1), pages 33-44, April.
    3. Cristobal Campoamor, Adolfo, 2015. "On Endogenous Product Cycles under Costly Trade," MPRA Paper 67289, University Library of Munich, Germany.
    4. Barnett, William A. & Chen, Guo, 2015. "Bifurcation of Macroeconometric Models and Robustness of Dynamical Inferences," Foundations and Trends(R) in Econometrics, now publishers, vol. 8(1-2), pages 1-144, September.
    5. Mondal, Debasis & Ranjan Gupta, Manash, 2009. "Endogenous imitation and endogenous growth in a North-South model: A theoretical analysis," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 668-684, December.
    6. Finn Martensen, 2013. "Globalization, Unemployment, and Product Cycles: Short- and Long-Run Effects," Working Paper Series of the Department of Economics, University of Konstanz 2013-16, Department of Economics, University of Konstanz.
    7. Cristóbal Campoamor, Adolfo, 2021. "North-South trade liberalization and factor reallocations between manufacturing and R&D," Economic Modelling, Elsevier, vol. 96(C), pages 277-294.

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