Abstract
This note shows that Lemma 3 in the paper by Tiago N. Sequeira [R&D spillovers in an endogenous growth model with physical capital, human capital and varieties, Macroeconomic Dynamics (2011)] is insufficient to guarantee stability and provides an alternative sufficient condition for stability.
Original language | English |
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Pages (from-to) | 657-659 |
Journal | Macroeconomic Dynamics |
Volume | 16 |
Issue number | 4 |
DOIs | |
Publication status | Published - 1 Jan 2011 |
Keywords
- Stability
- Transitional Dynamics
- R&D Spillovers