Transitional dynamics of an endogenous growth model with an erosion effect

Detalhes bibliográficos
Autor(a) principal: Sequeira, Tiago
Data de Publicação: 2007
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/11855
Resumo: The convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied. We add an erosion effect (supported by empirical evidence) to this model, and fully characterize its convergence properties. The dynamics is described by a fourth-order system of differential equations. We show that the model converges along a one-dimensional stable manifold and that its equilibrium is saddle-path stable. We also argue that one of the implications of considering this “erosion effect” is the increase in the adherence of the model to data.
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spelling Transitional dynamics of an endogenous growth model with an erosion effectEndogenous growth modelsConvergenceErosion effectModel fitnessThe convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied. We add an erosion effect (supported by empirical evidence) to this model, and fully characterize its convergence properties. The dynamics is described by a fourth-order system of differential equations. We show that the model converges along a one-dimensional stable manifold and that its equilibrium is saddle-path stable. We also argue that one of the implications of considering this “erosion effect” is the increase in the adherence of the model to data.POCI/FCT - Fundação para a Ciência e TecnologiaNova SBERUNSequeira, Tiago2014-03-27T17:54:02Z20072007-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/11855enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:46:33Zoai:run.unl.pt:10362/11855Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:20:35.161945Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Transitional dynamics of an endogenous growth model with an erosion effect
title Transitional dynamics of an endogenous growth model with an erosion effect
spellingShingle Transitional dynamics of an endogenous growth model with an erosion effect
Sequeira, Tiago
Endogenous growth models
Convergence
Erosion effect
Model fitness
title_short Transitional dynamics of an endogenous growth model with an erosion effect
title_full Transitional dynamics of an endogenous growth model with an erosion effect
title_fullStr Transitional dynamics of an endogenous growth model with an erosion effect
title_full_unstemmed Transitional dynamics of an endogenous growth model with an erosion effect
title_sort Transitional dynamics of an endogenous growth model with an erosion effect
author Sequeira, Tiago
author_facet Sequeira, Tiago
author_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Sequeira, Tiago
dc.subject.por.fl_str_mv Endogenous growth models
Convergence
Erosion effect
Model fitness
topic Endogenous growth models
Convergence
Erosion effect
Model fitness
description The convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied. We add an erosion effect (supported by empirical evidence) to this model, and fully characterize its convergence properties. The dynamics is described by a fourth-order system of differential equations. We show that the model converges along a one-dimensional stable manifold and that its equilibrium is saddle-path stable. We also argue that one of the implications of considering this “erosion effect” is the increase in the adherence of the model to data.
publishDate 2007
dc.date.none.fl_str_mv 2007
2007-01-01T00:00:00Z
2014-03-27T17:54:02Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/11855
url http://hdl.handle.net/10362/11855
dc.language.iso.fl_str_mv eng
language eng
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eu_rights_str_mv openAccess
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dc.publisher.none.fl_str_mv Nova SBE
publisher.none.fl_str_mv Nova SBE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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