EXISTENCE OF AN OPTIMAL-GROWTH PATH WITH ENDOGENOUS TECHNICAL CHANGE

被引:1
|
作者
CHICHILNISKY, G [1 ]
GRUENWALD, PF [1 ]
机构
[1] INT MONETARY FUND,WASHINGTON,DC 20431
关键词
ENDOGENOUS GROWTH; TECHNICAL CHANGE; INCREASING RETURNS;
D O I
10.1016/0165-1765(94)00594-R
中图分类号
F [经济];
学科分类号
02 ;
摘要
We prove the existence of an optimal growth path in an economy where goods that are not consumed are either invested in next period capital or in R&D with overall non-convex production possibilities, using results of non-linear functional analysis in weighted L(p) spaces of Chichilnisky (Journal of Optimization Theory and Applications, 1977, 61, no. 2, 504-520) and (Journal of Mathematical Economics, 1981, 8, 1-14).
引用
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页码:433 / 439
页数:7
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