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Optimal growth models as Economic Planning Tools

โœ Scribed by Peter Murrell


Publisher
Springer US
Year
1980
Tongue
English
Weight
568 KB
Volume
16
Category
Article
ISSN
1573-9414

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โœ Nikolaos S. Papageorgiou ๐Ÿ“‚ Article ๐Ÿ“… 1992 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 633 KB

## Abetract-ln this paper, we examine a model of optimal economic growth with infhrite continuous time plannin g horizon, convex technology and an aggregate discounted utility. First, we establish the existence of optimal capital accumulation paths, and then we study their variations as well as th