Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/6837

TitleComplementarities and costly investment in a one-sector growth model
Author(s)Thompson, Maria João Ribeiro
KeywordsComplementarities
Costly investment
Economic growth
Issue date2007
PublisherUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
Series/Report no.NIPE Working Paper series; 8
Abstract(s)The presence of complementarities generally makes a growth model nonlinear, hence delivering multiple equilibria. Introducing internal investment costs in the R&Dbased growth literature, we develop a growth model which combines the assumptions of complementarities between capital goods in the production function and of internal costly investment in capital. We find that with such combination of complementarities and costly investment, the growth model delivers a single equilibrium.
TypeWorking paper
URIhttp://hdl.handle.net/1822/6837
Peer-Reviewedno
AccessOpen access
Appears in Collections:NIPE - Documentos de Trabalho

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