Mode Locking And Entrainment of Endogenous Economic Cycles
Mode Locking And Entrainment of Endogenous Economic Cycles
Christian Haxholdt
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The latter assumption is not without consequence, since the relative size of the two sec- tors affects the dynamics i Kampmann 1984). Cqual demands is the most parsimonious assumption. Production capacity in each sector is determined by a constant-returns-to-scale Cubb- Douglas function of the individual stocks of the two capital types, with a factor share a G [0. Ll of the other sectors capital t\'pe and a share I — q of the sector's own capital type. I. E.. c. = Kr'/v, r A-: ;#^ i I ! where /...
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