Abstract
A family of time-varying equilibrium trajectories in the well-known Lucas endogenous economic growth model is studied. The equilibrium trajectories are shown to differ not only in level, but also in long-term growth rate under a certain combination of parameters.
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Original Russian Text © A.V. Korolev, V.D. Matveenko, 2006, published in Avtomatika i Telemekhanika, 2006, No. 4, pp. 126–136.
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Korolev, A.V., Matveenko, V.D. Structure of equilibrium time-varying trajectories in the Lucas endogenous growth model. Autom Remote Control 67, 624–633 (2006). https://doi.org/10.1134/S0005117906040102
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DOI: https://doi.org/10.1134/S0005117906040102