Equilibrium dynamics in a class of one-sector endogenous growth models with external habits: An application of special functions

B-Tier
Journal: Journal of Mathematical Economics
Year: 2014
Volume: 51
Issue: C
Pages: 50-54

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper analyzes the equilibrium dynamics in a class of one-sector endogenous growth models with external habits. Using an explicit solution expressed in terms of the Gauss hypergeometric function, we show that the levels of consumption, habits and capital may exhibit non-monotonic transition dynamics, even though their ratios converge monotonically. A numerical simulation illustrates this result.

Technical Details

RePEc Handle
repec:eee:mateco:v:51:y:2014:i:c:p:50-54
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25