Dynamics of Endogenous Grovvth

the estimates of the parameter values given by Lucas fall within the range of values that gives indeterminacy, ...... guy" - u. |-:|(:) - || ' '- – ()) |(:) - || " (44). () (1) (). The dynamics associated with this system can now be illustrated diagrammatically. It is easy to show that there will be a unique (deter- minate) BGP if p -- ğ < 1, while ...

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