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Multiplicité d'équilibres, dynamique transitionnelle et bien-être dans le modèle de croissance AK

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Listed:
  • Edouard Challe

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper analyses the dynamics and welfare properties of a simple AK endogenous growth model with intersectoral capital externalities. When externalities are sufficiently large, the model generates multiple growth trajectories all convergingtowards the (unique) balanced growth path. Solving the model in continuous time allows for the analytical characterisation of the transitional dynamics associated with such trajectories, as well as for their ranking in terms of welfare.

Suggested Citation

  • Edouard Challe, 2005. "Multiplicité d'équilibres, dynamique transitionnelle et bien-être dans le modèle de croissance AK," Post-Print halshs-00151473, HAL.
    • Handle: RePEc:hal:journl:halshs-00151473
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    Keywords

    Equilibres multiples; croissance;

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