A general Bond-type endogenous growth model with two distinct CES production functions lacks guaranteed saddle-path stability at the steady state.
Long-Run Policy Analysis and Long-Run Growth, Journal of Political Economy99, 500 - 521
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On the stability of the steady-state of a general model of endogenous growth with two $CES$ production functions
A general Bond-type endogenous growth model with two distinct CES production functions lacks guaranteed saddle-path stability at the steady state.