Public spending, endogenous growth, and endogenous fluctuations

Article Abstract:

A simple, one-sector model of capital accumulation which features endogenous growth and indeterminacy is examined. This model features an inelastic labor supply wherein public goods create positive externalities in the consumption and the production sectors. Statistical analysis indicates that endogenous stochastic fluctuations are created by local indeterminacy and continuous growth.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Economic development

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Indeterminacy and endogenous fluctuations with arbitrarily small externalities

Article Abstract:

Research into the incidence of local indeterminacy, endogenous fluctuations and bifurcations in a basic non-monetary two-period overlapping generations economy is presented. It is suggested that multiple stationary solutions, local indeterminacy and endogenous fluctuations are deeply-rooted phenomena for high elasticities of input substitution and arbitrarily small externalities.

Administration of General Economic Programs, Economic Statistics & Research, Research, Economic conditions, Elasticity (Economics)

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Capital externalities in OLG economies

Article Abstract:

Indeterminacy and endogenous variations caused by the combined effect of capital externalities and endogenous labor supply, in the context of an overlapping generations economic model, are analyzed.

Italy, Forecasts, trends, outlooks, France, Forecasts and trends, Market trend/market analysis, Labor market, Labour market

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