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Jorge Alcalde-Unzu
 
''Indeterminacy in a variety expansion model of endogenous growth''
( 2007, Vol. 4 No.18 )
 
 
In this paper, I demonstrate that an expanding variety model of endogenous growth with temporary monopoly power exhibits the indeterminacy of equilibrium paths. This implies the existence of a global range of initial growth rates for any initial level of the state variable.
 
 
Keywords: endogenous growth
JEL: D9 - Intertemporal Choice and Growth: General
O4 - Economic Growth and Aggregate Productivity: General
 
Manuscript Received : Jun 17 2006 Manuscript Accepted : May 22 2007

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