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A nonsmooth, nonconvex model of optimal growth

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Author Info
Kamihigashi, Takashi
Roy, Santanu

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Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 132 (2007)
Issue (Month): 1 (January)
Pages: 435-460
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Handle: RePEc:eee:jetheo:v:132:y:2007:i:1:p:435-460

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Joshi, Sumit, 1997. "Turnpike Theorems in Nonconvex Nonstationary Environments," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(1), pages 225-48, February.
  2. Kamihigashi, Takashi, 2003. "Necessity of transversality conditions for stochastic problems," Journal of Economic Theory, Elsevier, vol. 109(1), pages 140-149, March. [Downloadable!] (restricted)
  3. Jones, Larry E & Manuelli, Rodolfo E, 1990. "A Convex Model of Equilibrium Growth: Theory and Policy Implications," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1008-38, October. [Downloadable!] (restricted)
  4. Guerrero-Luchtenberg, C.L., 2000. "A uniform neighborhood turnpike theorem and applications," Journal of Mathematical Economics, Elsevier, vol. 34(3), pages 329-357, November. [Downloadable!] (restricted)
  5. Montrucchio, Luigi, 1995. "A New Turnpike Theorem for Discounted Programs," Economic Theory, Springer, vol. 5(3), pages 371-82, May.
  6. Azariadis, Costas & Drazen, Allan, 1990. "Threshold Externalities in Economic Development," The Quarterly Journal of Economics, MIT Press, vol. 105(2), pages 501-26, May. [Downloadable!] (restricted)
  7. de Hek, Paul & Roy, Santanu, 2001. "On Sustained Growth under Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(3), pages 801-13, August.
  8. Larry E. Jones & Rodolfo E. Manuelli, 1994. "The Sources of Growth," Macroeconomics 9411002, EconWPA, revised 05 Mar 1999. [Downloadable!]
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  9. Dolmas, Jim, 1996. "Endogenous Growth in Multisector Ramsey Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(2), pages 403-21, May.
  10. Takashi Kamihigashi & Santanu Roy, 2003. "A Nonsmooth, Nonconvex Model of Optimal Growth," Discussion Paper Series 158, Research Institute for Economics & Business Administration, Kobe University. [Downloadable!]
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  11. Dechert, W. Davis & Nishimura, Kazuo, 1983. "A complete characterization of optimal growth paths in an aggregated model with a non-concave production function," Journal of Economic Theory, Elsevier, vol. 31(2), pages 332-354, December. [Downloadable!] (restricted)
  12. Kaganovich, Michael, 1998. "Sustained endogenous growth with decreasing returns and heterogeneous capital," Journal of Economic Dynamics and Control, Elsevier, vol. 22(10), pages 1575-1603, August. [Downloadable!] (restricted)
  13. Amir, Rabah & Mirman, Leonard J & Perkins, William R, 1991. "One-Sector Nonclassical Optimal Growth: Optimality Conditions and Comparative Dynamics," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 32(3), pages 625-44, August. [Downloadable!] (restricted)
  14. Montrucchio, Luigi, 1994. "The neighbourhood turnpike property for continuous-time optimal growth models," Ricerche Economiche, Elsevier, vol. 48(3), pages 213-224, September. [Downloadable!] (restricted)
  15. Takashi Kamihigashi & Santanu Roy, 2005. "Dynamic optimization with a nonsmooth, nonconvex technology: The case of a linear objective function," Discussion Paper Series 175, Research Institute for Economics & Business Administration, Kobe University. [Downloadable!]
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  16. Alexandre Scheinkman, Jose, 1976. "On optimal steady states of n-sector growth models when utility is discounted," Journal of Economic Theory, Elsevier, vol. 12(1), pages 11-30, February. [Downloadable!] (restricted)
  17. Olson, Lars J. & Roy, Santanu, 1996. "On Conservation of Renewable Resources with Stock-Dependent Return and Nonconcave Production," Journal of Economic Theory, Elsevier, vol. 70(1), pages 133-157, July. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Nguyen Manh Hung & Cuong Le Van & Philippe Michel, 2008. "Non-convex Aggregate Technology and Optimal Economic Growth," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00267100_v1, HAL. [Downloadable!]
    Other versions:
  2. Olivier Bruno & Cuong Le Van & Benoit Masquin, 2008. "When Does a Developing Country Use New Technologies?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00101361_v2, HAL. [Downloadable!]
  3. Takashi Kamihigashi & Santanu Roy, 2005. "A nonsmooth, nonconvex model of optimal growth," Discussion Paper Series 173, Research Institute for Economics & Business Administration, Kobe University. [Downloadable!]
    Other versions:
  4. Takashi Kamihigashi, 2006. "Stochastic Optimal Growth with Bounded or Unbounded Utility and with Bounded or Unbounded Shocks," Discussion Paper Series 189, Research Institute for Economics & Business Administration, Kobe University. [Downloadable!]
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