This chapter examines the properties of steady states. It is shown that most of the familiar properties remain valid in the present model. The chapter focuses on the usual kind of steady state — defined by the condition that the composition of the capital stock, its proportional division into various categories — remains unchanged over time.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.