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Spatial growth theory: Optimality and spatial heterogeneity

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  • Xepapadeas, Anastasios
  • Yannacopoulos, Athanasios N.

Abstract

Spatiotemporal dynamics are introduced in a standard Ramsey model of optimal growth in which capital moves toward locations where the marginal productivity of capital is relatively higher and initiate a study of the effects of nonlinear capital transport in terms of a linearized analysis around steady state solution solutions.

Suggested Citation

  • Xepapadeas, Anastasios & Yannacopoulos, Athanasios N., 2023. "Spatial growth theory: Optimality and spatial heterogeneity," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    • Handle: RePEc:eee:dyncon:v:146:y:2023:i:c:s0165188922002871
    DOI: 10.1016/j.jedc.2022.104584
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    Cited by:

    1. Spyridon Tsangaris & Anastasios Xepapadeas & Athanasios Yannacopoulos, 2022. "Spatial externalities, R&D spillovers, and endogenous technological change," DEOS Working Papers 2225, Athens University of Economics and Business.
    2. Alessandro Calvia & Fausto Gozzi & Marta Leocata & Georgios I. Papayiannis & Anastasios Xepapadeas & Athanasios N. Yannacopoulos, 2023. "An optimal control problem with state constraints in a spatio-temporal economic growth model on networks," Papers 2304.11568, arXiv.org.

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    More about this item

    Keywords

    Ramsey model; spatiotemporal dynamics; flat earth; pattern formation;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium

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