On the stability of the steady-state of a general model of endogenous growth with two $CES$ production functions
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arXiv
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| Format: | Preprint |
| Published: |
2026
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| _version_ | 1866910118194446336 |
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| author | Chilarescu, Constantin |
| author_facet | Chilarescu, Constantin |
| contents | The main aim of this paper is to study the steady-state properties of a general Bond-type endogenous growth model, considering that both sectors are modeled by two distinct $CES$ production functions. We prove here that in this case, we cannot claim the saddle-path stability. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2604_08677 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | On the stability of the steady-state of a general model of endogenous growth with two $CES$ production functions Chilarescu, Constantin Theoretical Economics The main aim of this paper is to study the steady-state properties of a general Bond-type endogenous growth model, considering that both sectors are modeled by two distinct $CES$ production functions. We prove here that in this case, we cannot claim the saddle-path stability. |
| title | On the stability of the steady-state of a general model of endogenous growth with two $CES$ production functions |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2604.08677 |