caa a22 4500 475797914 CHVBK 20180406123729.0 cr unu---uuuuu 170329e20001001xx s 000 0 eng 10.1007/BF01228743 doi (NATIONALLICENCE)springer-10.1007/BF01228743 Raurich-Puigdevall Xavier Departament d'Economia, Universitat de Girona, Campus de Montilivi, E-17071, Girona, Spain aut Global indeterminacy in an endogenous-growth model with public capital [Elektronische Daten] [Xavier Raurich-Puigdevall] This paper studies the patterns of growth in an endogenous-growth model where the labor supply is endogenous and sustained growth arises because the services derived from public capital increase the economic productivity. It is assumed that these services are congested by the number of households in the economy but they are not congested by the units of time that each household devotes to work. With this assumption, the dynamic equilibrium exhibits multiple balanced-growth paths, local and global indeterminacy, and limit cycles under some plausible fiscal policies. Our analysis points out that a large lump-sum tax is a necessary condition to obtain this complex equilibrium dynamic behavior. Springer-Verlag, 2000 endogenous growth nationallicence public capital nationallicence indeterminacy nationallicence limit cycles nationallicence E62 nationallicence H54 nationallicence O41 nationallicence Journal of Economics Springer-Verlag 71/3(2000-10-01), 255-280 0931-8658 71:3<255 2000 71 712 https://doi.org/10.1007/BF01228743 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF01228743 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Raurich-Puigdevall Xavier Departament d'Economia, Universitat de Girona, Campus de Montilivi, E-17071, Girona, Spain aut NATIONALLICENCE 773 0- Journal of Economics Springer-Verlag 71/3(2000-10-01), 255-280 0931-8658 71:3<255 2000 71 712 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer