Periodic solutions of the one-sector growth model: the role of income effects
- Author(s)
- Kazumichi Iwasa, Gerhard Sorger
- Abstract
The discrete-time version of the neoclassical one-sector growth model with elastic labour supply is considered. It is shown that this model can have periodic solutions only if leisure is not a normal good.
- Organisation(s)
- Department of Economics
- External organisation(s)
- Kobe University
- Journal
- Journal of Mathematical Economics
- Volume
- 78
- Pages
- 59-63
- No. of pages
- 5
- ISSN
- 0304-4068
- DOI
- https://doi.org/10.1016/j.jmateco.2018.07.008
- Publication date
- 10-2018
- Peer reviewed
- Yes
- Austrian Fields of Science 2012
- 502047 Economic theory
- Keywords
- ASJC Scopus subject areas
- Applied Mathematics, Economics and Econometrics
- Portal url
- https://ucris.univie.ac.at/portal/en/publications/periodic-solutions-of-the-onesector-growth-model-the-role-of-income-effects(97639bea-4a0e-46ee-8025-f1bf6f91829a).html