Mario, Pomini (2009): From stability to growth in neoclassical multisector models.
There is a more recent version of this item available. 

PDF
MPRA_paper_18995.pdf Download (7kB)  Preview 
Abstract
Analysis of the multisector models was an important strand of inquiry within neoclassic growth theory from the early 1960s and at the end of the decade the multisector approach constituted one of the most promising areas of inquiry within growth theory as a whole. Studies in this area dwindled away at the end of the 1970s but the situation abruptly changed with the advent of endogenous growth theory in the second half of the 1980s which with Lucas (1988) and Romer (1990) was from the outset framed in a multisectorial perspective. The multisector approach was resumed in the literature on endogenous growth, but with features different from those that had previously characterized it. The aim of this paper is to analyze the evolution of some particular aspects of the neoclassical multisector approach from the first studies of the 1960s until current theorization.
Item Type:  MPRA Paper 

Original Title:  From stability to growth in neoclassical multisector models 
Language:  English 
Keywords:  multisector economic growth, neoclassical growth models 
Subjects:  O  Economic Development, Technological Change, and Growth > O4  Economic Growth and Aggregate Productivity > O41  One, Two, and Multisector Growth Models B  History of Economic Thought, Methodology, and Heterodox Approaches > B1  History of Economic Thought through 1925 > B13  Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School) 
Item ID:  18995 
Depositing User:  Mario Pomini 
Date Deposited:  11. Dec 2009 07:34 
Last Modified:  17. Feb 2013 16:50 
References:  Aghion, P. and P. Howitt (1998), Endogenous Growth Theory, Cambridge : MIT Press. Aghion, P. and P. Howitt (2009), The Economics of Growth, Cambridge : MIT Press.Barro, R. and X. Salai Martin (2004), Economic Growth, Cambridge: MIT Press. Britto, R. (1973), Some Recent Developments in the Theory on Growth, Journal of Economic Literature, vol. 11, n.4, pp. 13431366. Brock, W. and E. Burmeister (1976), Regular Economies and Conditions for Uniqueness of Steady States in Optimal MultiSector Economic Models, International Economic Review, vol. 17, pp. 105120. Brock,W. and J. Scheinkman (1976), Global Asymptotic Stability of Optimal Control with Applications to Dynamic Economic Theory, Journal of Economic Theory, 12:164190. Brock,W. and J. Scheinkman (1977), Global Asymptotic Stability of Optimal Control with Applications to Dynamic Economic Theory, in J. Pitchford and S. Turnovsky (eds) Applications of Control Theory to Economic Analysis, North Holland Co., Amsterdam. Brock, W. and A. Malliaris (1989), Differential Equations, Stability and Caos in Dynamic Economics, NorthHolland: Amsterdam. Burmeister, E. (1980), Capital Theory and Dynamics, Cambridge, Cambridge University Press. Burmeister, E., Dobell R. (1970), Mathematical Theories of Economic Growth, London, McMillan. Burton, T. (1985), Stability and Periodic Solutions of Differential Equations and Functional Differential Equations, New York: Academic Press. Cass, D. (1965), Optimal Growth in a Aggregate Model of Capital Accumulation, Review of Economic Studies, vol. 32, 233240. Cass, D. and K. Shell (1976a), The Structure and Stability of Competitive Dynamical System, Journal of Economic Theory, vol.12, pp.3170. Cass, D. and K. Shell (1976b), Introduction to Hamiltonian Dynamics in Economics, Journal of Economic Theory, vol. 12, 110. Evans, G. (1930), Mathematical Introduction to economics, London, McGrawHill. Gandolfo, G. (1980), Economic Dynamics: Methods and Model, North Holland: Amsterdam. Grossman, G. and E. Helpman (1991), Innovation and Growth in the World Economy, Cambridge: MIT Press. Guckenheimer, J. and P. Holmes (1983), Nonlinear Oscillations, Dynamical Systems, and Bifurcations of Vector Fields, SpingerVerlag, New York. Hahn, F. (1960), Equilibrium Dynamics with Heterogeneous Capital Goods, Quarterly Journal of Economics, vol. 80, pp. 63646. Inada, K. (1963), On a two sector model of economic growth, The Review of economic Studies, vol. XXX, pp. 119127. Jones, L. and R. Manuelli (1997), The Sources of Growth, Journal of Economics Dynamics and Control, vol. 21, pp.75114. Kuga, K. (1977), General Saddlepoint Property of the Steady State of a Growth Model with eterogeneous capital goods, International Economic Review, vol. 18, pp.2958. Kurz, M. (1968), The General Instability of a Class of Competitive Growth Process, The Review of Economic Studies, vol. XXXV, pp. 155174. Kurz, H. D. and N. Salvadori (1998), Endogenous Growth Models and the Classical Tradition, in Understanding Classical Economists, Studies in Long Period Theory, London: Routledge. Lucas, R. (1988), On The Mechanics of Economic Development, Journal of Monetary Economics, vol. 22, pp. 342. Morishima, M. (1964), Equilibrium, Stability and Growth, Oxford, Clarendon Press. Medio, A. and M. Lines (2001), Nonlinear Dynamics, Cambridge: Cambridge University Press. Romer, P. (1986), Increasing Returns and Lungrun Growth, Journal of Political Economy, vol. 94, pp. 10021037. Romer, P. (1990), Endogenous Technological Change, Journal of Political Economy, vol. 98, pp.71102. Shell, K. and J. Stiglitz (1967), The Allocation of Investment in a Dynamic Economy, Quarterly Journal of Economics, vol.81. pp. 592605. Shell, K. (1971), On Competitive Dynamic System, in H. Kuhn and G. Szego, eds., Differential Games and Related Topics, NorthHolland, Amsterdam, pp. 449476. Shell, K. (1987), Hamiltonians, in The New Palgrave: a Dictionary of Economics, edited by Eatwell, J. , M. Milgate and Peter Newman, McMillan: London. Solow, R. (1994), Perspectives on growth theory, Journal of Economic Perspectives, 45 54. Solow, R.(1999), Neoclassical Growth Theory, in Handbook of Macroeconomics, (eds.) J. B. Taylor e M. Woodford, Amsterdam: NorthHolland. Snowdon, B. and H. Vane, (2005), Modern Macroeconomics, Cheltenham, Edward Elgar. Steedman, I. (2003), On ‘Measuring’ knowledge in new (endogenous) growth theory, in Old and New Growth Theory, edited by N. Salvadori, Cheltenham: Edward Elgar. Takayama A. (1963), On A Two Sector Model of economic Growth: A Comparative Static Analysis, The Review of Economic Studies, vol. XXX, pp. 95104. Tu, P. (1994), Dynamical Systems, Berlin: SpringerVerlag. Uzawa H. (1961), On a two Sector Model of Economic Growth: I, Review of Economic Studies, vol. XXIX, n.4, pp.4047. Uzawa H. (1963), On a two Sector Model of Economic Growth: II, Review of Economic Studies, vol. XXIX, n.4, pp.105118. Uzawa H. (1964), Optimal Growth in a TwoSector Model of Capital Accumulation, Review of Economic Studies, vol. 31, 124. Varian H. (1982), Dynamical Systems with Applications to Economics, in Handbook of Mathematical Economics, NorthHolland, Amsterdam. Wan H. (1971), Economic Growth, New York: Harcourt Brace Jovanovich. 
URI:  http://mpra.ub.unimuenchen.de/id/eprint/18995 
Available Versions of this Item
 From stability to growth in neoclassical multisector models. (deposited 11. Dec 2009 07:34) [Currently Displayed]