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Export Reference (APA) 
Gomes, O. (2009). Stability under learning: the endogenous growth problem. Economic Modelling. 26 (5), 807-816
Export Reference (IEEE) 
O. M. Gomes,  "Stability under learning: the endogenous growth problem", in Economic Modelling, vol. 26, no. 5, pp. 807-816, 2009
Export BibTeX 
@article{gomes2009_1715933649332,
	author = "Gomes, O.",
	title = "Stability under learning: the endogenous growth problem",
	journal = "Economic Modelling",
	year = "2009",
	volume = "26",
	number = "5",
	doi = "10.1016/j.econmod.2009.01.018",
	pages = "807-816",
	url = "http://www.sciencedirect.com/science/article/pii/S0264999309000261"
}
Export RIS 
TY  - JOUR
TI  - Stability under learning: the endogenous growth problem
T2  - Economic Modelling
VL  - 26
IS  - 5
AU  - Gomes, O.
PY  - 2009
SP  - 807-816
SN  - 0264-9993
DO  - 10.1016/j.econmod.2009.01.018
UR  - http://www.sciencedirect.com/science/article/pii/S0264999309000261
AB  - A local dynamic analysis, in the neighborhood of the steady state, is developed for one and two-sector endogenous growth models. The problem differs from the conventionally assumed growth setups because one considers that expectations concerning the next period value of the control variable (consumption) are formed through adaptive learning. In such scenario, the found stability conditions reveal that convergence to the unique steady state point is feasible if a minimum requirement regarding the quality of learning in the long run equilibrium is fulfilled. Therefore, stability of growth under learning is dependent on the efficiency with which expectations are generated. 
ER  -