Munich Personal RePEc Archive

Uniqueness and determinacy of the Romer model

Tang, Rongsheng and Wang, Gaowang and Wang, Jin (2019): Uniqueness and determinacy of the Romer model.

This is the latest version of this item.


Download (141kB) | Preview


In this paper we prove the existence, uniqueness and saddle-point stability of the steady state (or balanced growth path) of the Romer (1990) model by utilizing the reduction of dimensionality. Furthermore, we found out a set of policy instruments to improve the monopolistic competitive equilibrium allocation up to social optimum.

Available Versions of this Item

MPRA is a RePEc service hosted by
the Munich University Library in Germany.