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Automation and Remote Control

, Volume 67, Issue 4, pp 624–633 | Cite as

Structure of equilibrium time-varying trajectories in the Lucas endogenous growth model

  • A. V. Korolev
  • V. D. Matveenko
Control in Social Economic Systems

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.

PACS number

89.75.-k 89.75.Fb 89.65.-s 89.65.Gh 

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Copyright information

© Pleiades Publishing, Inc. 2006

Authors and Affiliations

  • A. V. Korolev
    • 1
  • V. D. Matveenko
    • 2
  1. 1.European UniversitySt. PetersburgRussia
  2. 2.Institute of Economic MathematicsRussian Academy of SciencesSt. PetersburgRussia

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