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OA AIS Journal EN

Cournot-Nash Family Decision and Economic Growth in an Extended Solowian Model

Wei Zhang · Ritsumeikan Asia Pacific University, Japan
The purpose of this paper is to study economic growth with family-based microeconomic foundation. It develops a neoclassical growth model of endogenous wealth accumulation and consumption of two-person families. Growth mechanism and economic structures are based on a generalized Solowian growth mode…