DYNAMIC EFFICIENCY OF STEADY-STATE EQUILIBRIA IN AN OVERLAPPING-GENERATIONS MODEL WITH PRODUCTIVE CAPITAL

被引：23

作者：

GALOR, O

RYDER, HE

机构：

[1] Brown University, Providence

来源：

ECONOMICS LETTERS | 1991年 / 35卷 / 04期

关键词：

D O I：

10.1016/0165-1765(91)90007-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper establishes sufficient technological conditions under which, for any feasible set of well-behaved preferences, stationary over-investment relative to the Golden Rule is ruled out and the economy's steady-state equilibria are therefore dynamically efficient. © 1991.

引用

页码：385 / 390

页数：6

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