Autori:
Pelloni, Alessandra ![](http://www.bncf.firenze.sbn.it/img/logo-bncf.jpg)
,
Waldamann, Robert ![](http://www.bncf.firenze.sbn.it/img/logo-bncf.jpg)
Titolo:
Stability properties in a gouwth modelPeriodico:
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papersAnno:
1997 - Fascicolo:
11 - Pagina iniziale:
1 - Pagina finale:
10The inclusion of a labour/leisure choice in endogenous growth models has interesting and somewhat counter-intuitive effects. In existing one sector models, a condition for indeterminacy is that labour demand is upward-sloping, which is difficult to reconcile with the evidence. In this paper we give conditions for indeterminacy in a one sector model with decreasing returns to labour. We show that this requires that consumption and leisure are both highly intertemporally substitutable while the factors of production are highly complementary.
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Testo completo:
http://hdl.handle.net/1814/620Esportazione dati in Refworks (solo per utenti abilitati)
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