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| Author: | Takahashi, H. Sakagami, T. |
| Title: | Transitional dynamics of economic integration and endogenous growth |
| Journal: | Journal of Economic Behavior and Organization
1998 : JAN 15, VOL. 33:3-4, p. 543-556 |
| Index terms: | GOVERNMENT ECONOMIC BEHAVIOUR DYNAMIC MODELS |
| Language: | eng |
| Abstract: | Rivera-Batiz and Romer have demonstrated some comparative dynamic analysis, namely comparing pre- and post-economic integration balanced growth paths and have derived interesting economic results. Even though these results are interesting, their analysis has a serious shortcoming. Namely, the balanced growth path studied by them exhibits a knife-edge property and is unstable. This clearly implies that their results are not robust. In this paper, the authors propose a modified knowledge driven model based on their model. |
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