Neoclassical Economies—Dynamics

  • Murray C. Kemp
  • Yoshio Kimura

Abstract

In Chapter 5 we studied questions concerning the existence and properties of steady-state equilibria in neoclassical economies, in particular, concerning the sensitivity of steady-state equilibria to changes in parameters. Conspicuously lacking was any discussion of the nonsteady-state behavior of such economies and, more specifically, of the dynamic stability of such equilibria. To these matters we now turn.

Keywords

Migration Assure 

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Copyright information

© Springer-Verlag New York, Inc. 1978

Authors and Affiliations

  • Murray C. Kemp
    • 1
  • Yoshio Kimura
    • 2
  1. 1.School of EconomicsUniversity of New South WalesKensingtonAustralia
  2. 2.Faculty of EconomicsNagoya City UniversityMizuhoku, NagoyaJapan

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