Abstract
In a two-sector endogenous growth model with learning by doing and intersectoral knowledge spillovers, we associate local dynamics with the slope of the excess demand curve for a consumption good. Factor intensity determines the income effect, which governs dynamics.
Original language | English |
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Pages (from-to) | 599-605 |
Number of pages | 7 |
Journal | Economic Theory |
Volume | 35 |
Issue number | 3 |
DOIs | |
Publication status | Published - 2008 Jun |
Externally published | Yes |
Keywords
- Excess demand curve
- Factor intensity
- Income effect
- Intersectoral knowledge spillovers
- Two-sector endogenous growth model
ASJC Scopus subject areas
- Economics and Econometrics