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Instability of Equilibrium Growth

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  • Jose Encarnacion Jr.

    (School of Economics, University of the Philippines, Diliman)

Abstract

If the solution to a dynamic optimization problem is interpreted as an equilibrium growth path, then the Harrod instability proposition applies not only to the neoclassical growth model but also to the more recent endogenous growth version.

Suggested Citation

  • Jose Encarnacion Jr., 1996. "Instability of Equilibrium Growth," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 33(2), pages 175-183, December.
    • Handle: RePEc:phs:prejrn:v:33:y:1996:i:2:p:175-183
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/62/723
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