The possibilityof sustained long-run growth is typically associated with the presence of some endogenous "engine of growth". It may allow the economy to grow without bound despite the use of some non-reproducible resources. Such situations can lead to dynamic models combining the features of sustainable growth and decreasing returns. One-sector models of this kind have recently attracted much attention in macroeconomics applications.
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Paper provided by Indiana - Center for Econometric Model Research in its series Papers with number
97-005.
Length: 47 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:indian:97-005
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