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| Jorge Alcalde-Unzu |
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| ''Indeterminacy in a variety expansion model of endogenous growth'' |
| ( 2007, Vol. 4 No.18 ) |
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| 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. |
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| Keywords: endogenous growth |
JEL: D9 - Intertemporal Choice and Growth: General
O4 - Economic Growth and Aggregate Productivity: General |
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| Manuscript Received : Jun 17 2006 | | Manuscript Accepted : May 22 2007 |
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