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:89.75.-k, 89.75.Fb, 89.65.-s, 89.65.Gh
Presented by the member of Editorial Board:D. A. Novikov