This paper analyzes the transitional dynamics in a model of economic growth with endogenous technological change and two alternative sources of energy: newable resources and non-renewable resources. The conditions for the existence and saddle point property of the steady state are given. Finally, we present the estimation results on the data consist of R&D energy, […]

We consider a general equilibrium model in asset markets with a countable set of states and expected risk averse utilities. The agents do not have the same beliefs. We use the methods in Le Van – Truong Xuan (JME, 2001) but one of their assumption which is crucial for obtaining their result can not be […]