Production lags and growth dynamics in and overlapping generations endogenous growth model

Gupta, Rangan

dc.contributor.author	Gupta, Rangan
dc.date.accessioned	2012-05-28T06:35:32Z
dc.date.available	2012-05-28T06:35:32Z
dc.date.issued	2011-03
dc.description.abstract	This paper analyzes grouwth dynamics in an endogenous growth overlapping generations model characterized by production lags in the firm-specific and average economy-wide capital inputs, with the growth process being endogenized by allowing for a production externality. We show that endogenous convergent fluctuations emerge, with the convergence being faster for higer values of the marginal product of labor, given the initial value of the gross growth rate - a result, otherwise impossible, if the production is a function of contemporaneous capital stock. Finally, when production is a function of lagged labor, as well as lagged capital inputs, steady-state is infeasible.	en
dc.description.librarian	nf2012	en
dc.description.uri	http://www.cluteinstitute.com/JABRMain.htm	en_US
dc.identifier.citation	Gupta, R 2011, 'Production lags and growth dynamics in and overlapping generations endogenous growth model', Journal of Applied Business Reaserch, vol. 27, no. 2, pp. 13-18.	en
dc.identifier.issn	0892-7626 (print)
dc.identifier.issn	2157-8834 (online)
dc.identifier.uri	http://hdl.handle.net/2263/18922
dc.language.iso	en	en_US
dc.publisher	Clute Institute for Academic Research	en_US
dc.rights	© 2011 Clute Institute	en_US
dc.subject	Endogenous fluctuations	en
dc.subject	Overlapping generations model	en
dc.subject	Production lags	en
dc.subject	Growth dynamics	en
dc.subject.lcsh	Endogenous growth (Economics) -- Mathematical models	en
dc.subject.lcsh	Business cycles -- Mathematical models	en
dc.title	Production lags and growth dynamics in and overlapping generations endogenous growth model	en
dc.type	Article	en