Economic Growth and Wealth Accumulation with Perfect and Monopolistic Competition

This study constructs a growth model by integrating the three basic models in neoclassical growth theory with perfect competition and general equilibrium theory with monopolistic competition. The economy is composed of three sectors – the final good sector as in Solow’s one sector growth model, the...

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Bibliographic Details
Main Author: Wei-Bin ZHANG
Format: Article
Language:English
Published: Editura Univeristatii "Stefan cel Mare" din Suceava 2020-06-01
Series:USV Annals of Economics and Public Administration
Subjects:
Online Access:http://annals.seap.usv.ro/index.php/annals/article/view/1216/1000