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Recursive preferences and balanced growth

โœ Scribed by Roger E.A. Farmer; Amartya Lahiri


Book ID
113707615
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
168 KB
Volume
125
Category
Article
ISSN
0022-0531

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The replacement of time-additive separability with recursive utility greatly expands the opportunity to incorporate heterogenous agents within Ramsey optimal growth models. Dolmas has demonstrated that there exists a class of aggregator functions that are consistent with balanced growth paths. This