Journal ArticleDOI
Growth Paths in the Solow Neoclassical Growth Model
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This article is published in Quarterly Journal of Economics.The article was published on 1970-02-01. It has received 17 citations till now.read more
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Book ChapterDOI
Dynamic Issues in Applied Commercial Policy Analysis: Transition dynamics and trade policy reform in developing countries
TL;DR: In this article, the relevance of classical transition dynamics for trade policy, particularly for developing countries, has been emphasized, and the empirical evidence from cross-country growth regressions points to important transitional growth effects related to trade policy reforms.
Journal ArticleDOI
Dynamic Effects of Trade in Financial Services
TL;DR: In this paper, an overlapping generations model is used to examine the dynamic implications of trade in financial services, highlighting the role of finance, through capital accumulation, in the growth process.
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Dynamic Structure, Exogeneity, Phase Portraits, Growth Paths, and Scale and Substitution Elasticities
TL;DR: In this article, the implications of any degree of homogeneity, including increasing returns to scale in production, must be carefully examined in two and higher dimensions, and the necessity of introducing some exogenous state variables is demonstrated within homogeneous dynamic systems.
Journal ArticleDOI
Dynamic Structure, Exogeneity, Phase Portraits, Growth Paths, and Scale and Substitution Elasticities
TL;DR: In this paper, the implications of any degree of homogeneity, including increasing returns to scale in production, must be carefully examined in two and higher dimensions, and the necessity of introducing some exogenous state variables is demonstrated within homogeneous dynamic systems.
Journal ArticleDOI
On the Dynamics of Basic Growth Models: Ratio Stability vs. Convergence and Divergence in State Space
TL;DR: For a class of basic growth models, the authors showed that convergence in ratios does not imply the pathwise convergence to the corresponding balanced growth path in the state space, and showed that two economies that differ only in the initial capital stock and converge in per capita terms might diverge to infinity in absolute terms.