Abstract
The discrete-time version of the neoclassical one-sector growth model with elastic labour supply is considered. It is shown that this model can have periodic solutions only if leisure is not a normal good.
| Original language | English |
|---|---|
| Pages (from-to) | 59-63 |
| Number of pages | 5 |
| Journal | Journal of Mathematical Economics |
| Volume | 78 |
| DOIs | |
| Publication status | Published - Oct 2018 |
Austrian Fields of Science 2012
- 502047 Economic theory
Keywords
- MR
- VWL
- CHAOS
- Optimal growth
- Periodic solutions
- FLUCTUATIONS
- BUSINESS CYCLES
- Non-normality of leisure
- Elastic labour supply
Fingerprint
Dive into the research topics of 'Periodic solutions of the one-sector growth model: the role of income effects'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver