Structure of equilibrium time-varying trajectories in the Lucas endogenous growth model
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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 number89.75.-k 89.75.Fb 89.65.-s 89.65.Gh
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