IDEAS home Printed from https://ideas.repec.org/a/fan/steste/vhtml10.3280-ste2007-091005.html
   My bibliography  Save this article

Instabilit? harrodiana e teoria della crescita endogena

Author

Listed:
  • Giulio Guarini

Abstract

Harrodian Instability and Endogenous Growth (by Giulio Guarini) - ABSTRACT: Theory In this article, I study the harrodian instability in the growth processes with mainstream production functions, analyzing three important approaches: Lucas (1988), Rome (1990), Grossman-Helpman (1991). After describing that harrodian instability is important for the economic growth but it is absent in these models, I build new models with the same mainstream production functions to analyze the convergence process between the warranted growth rate and the natural growth rate when the interest rate changes. Finally, for these models, I write the sraffian system with heterogeneous capital goods and I show that the convergence process can have infinitive states and solutions caused by infinitive states of the relation between interest rate and capital intensity like multiple equilibrium, nonexistence of equilibrium and instability of equilibrium. Keywords: Harrodian Instability, Endogenous Growth Model, Cambridge Capital Controversy

Suggested Citation

  • Giulio Guarini, 2007. "Instabilit? harrodiana e teoria della crescita endogena," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2007(91), pages 91-116.
    • Handle: RePEc:fan:steste:v:html10.3280/ste2007-091005
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=32332&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Giulio Guarini, 2011. "Harrod's cumulative growth circle," Economics Bulletin, AccessEcon, vol. 31(4), pages 3041-3051.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:steste:v:html10.3280/ste2007-091005. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=59 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.