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| Author: | Sorger, G. |
| Title: | On the multi-country version of the Solow-Swan model |
| Journal: | Japanese Economic Review
2003 : JUN, VOL. 54:2, p. 146-164 |
| Index terms: | Capital accumulation Country comparisons Return on investment |
| Language: | eng |
| Abstract: | A multi-country version of the Solow Swan model of capital accumulation is studied in this article. Capital is perfectly mobile and flows instantaneously to countries providing the highest return. The author shows that, in general, the model possesses infinitely many stationary equilibria that differ from each other in terms of the world interest rate and world output. |
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