Menu Expand

Stability of the Steady-State Equilibrium in the Uzawa-Lucas Model: A Simple Proof

Cite JOURNAL ARTICLE

Style

Arnold, L. Stability of the Steady-State Equilibrium in the Uzawa-Lucas Model: A Simple Proof. Journal of Contextual Economics – Schmollers Jahrbuch, 117(2), 197-207. https://doi.org/10.3790/schm.117.2.197
Arnold, Lutz "Stability of the Steady-State Equilibrium in the Uzawa-Lucas Model: A Simple Proof" Journal of Contextual Economics – Schmollers Jahrbuch 117.2, 1997, 197-207. https://doi.org/10.3790/schm.117.2.197
Arnold, Lutz (1997): Stability of the Steady-State Equilibrium in the Uzawa-Lucas Model: A Simple Proof, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 117, iss. 2, 197-207, [online] https://doi.org/10.3790/schm.117.2.197

Format

Stability of the Steady-State Equilibrium in the Uzawa-Lucas Model: A Simple Proof

Arnold, Lutz

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 117 (1997), Iss. 2 : pp. 197–207

Additional Information

Article Details

Arnold, Lutz

Abstract

The Uzawa-Lucas model studies human-capital accumulation as an engine of growth. While the focus is mostly on the steady state, available stability proofs are difficult. The present paper offers a simple proof of the global stability of the steady state.