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On a Uniform Turnpike of the Third Kind in the Robinson-Solow-Srinivasan Model

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  • M. Khan

    ()

  • Alexander Zaslavski

    ()

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File URL: http://hdl.handle.net/10.1007/s00712-007-0261-7
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Bibliographic Info

Article provided by Springer in its journal Journal of Economics.

Volume (Year): 92 (2007)
Issue (Month): 2 (October)
Pages: 137-166

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Handle: RePEc:kap:jeczfn:v:92:y:2007:i:2:p:137-166

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Web page: http://www.springerlink.com/link.asp?id=108909

Related research

Keywords: weakly maximal program; optimal program; golden-rule program; uniform turnpike; D90; C62; O21;

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References

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  1. Mitra, Tapan & Zilcha, Itzhak, 1981. "On Optimal Economic Growth with Changing Technology and Tastes: Characterization and Stability Results," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(1), pages 221-38, February.
  2. Khan, M. Ali, 2003. "On choice of technique in the Robinson-Solow-Srinivasan model," Economics Working Papers (Ensaios Economicos da EPGE) 504, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  3. Solow, Robert M., 2005. "Reflections on Growth Theory," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 0, pages 3-10 Elsevier.
  4. Simon Gilchrist & John C. Williams, 2000. "Putty-Clay and Investment: A Business Cycle Analysis," Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 928-960, October.
  5. Tapan Mitra, 2005. "Characterization of the turnpike property of optimal paths in the aggregative model of intertemporal allocation," International Journal of Economic Theory, The International Society for Economic Theory, vol. 1(4), pages 247-275.
  6. Boyan Jovanovic, 1998. "Vintage Capital and Inequality," NBER Working Papers 6416, National Bureau of Economic Research, Inc.
  7. M. Ali Khan & Tapan Mitra, 2007. "Optimal Growth In A Two-Sector Rss Model Without Discounting: A Geometric Investigation," The Japanese Economic Review, Japanese Economic Association, vol. 58(2), pages 191-225.
  8. Lionel W. McKenzie, 2005. "Classical General Equilibrium Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633302, December.
  9. Brock, William A, 1970. "On Existence of Weakly Maximal Programmes in a Multi-Sector Economy," Review of Economic Studies, Wiley Blackwell, vol. 37(2), pages 275-80, April.
  10. Jovanovic, B., 1998. "Vintage Capital and Equality," Working Papers 98-16, C.V. Starr Center for Applied Economics, New York University.
  11. Lionel W. McKenzie, 2012. "turnpike theory," The New Palgrave Dictionary of Economics, Palgrave Macmillan.
  12. Mitra, Tapan, 1979. "On Optimal Economic Growth with Variable Discount Rates: Existence and Stability Results," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(1), pages 133-45, February.
  13. Benhabib, Jess & Rustichini, Aldo, 1994. "A note on a new class of solutions to dynamic programming problems arising in economic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 18(3-4), pages 807-813.
  14. Dixit, Avinash K, 1970. "Growth Patterns in a Dual Economy," Oxford Economic Papers, Oxford University Press, vol. 22(2), pages 229-34, July.
  15. Lionel McKenzie, 1999. "Equilibrium, Trade, and Capital Accumulation," The Japanese Economic Review, Japanese Economic Association, vol. 50(4), pages 371-397, December.
  16. Tjalling C. Koopmans, 1963. "On the Concept of Optimal Economic Growth," Cowles Foundation Discussion Papers 163, Cowles Foundation for Research in Economics, Yale University.
  17. Chari, V V & Hopenhayn, Hugo, 1991. "Vintage Human Capital, Growth, and the Diffusion of New Technology," Journal of Political Economy, University of Chicago Press, vol. 99(6), pages 1142-65, December.
  18. David Cass, 1964. "Optimum Economic Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem," Cowles Foundation Discussion Papers 178, Cowles Foundation for Research in Economics, Yale University.
  19. McKenzie, Lionel W., 2005. "Optimal economic growth, turnpike theorems and comparative dynamics," Handbook of Mathematical Economics, in: K. J. Arrow & M.D. Intriligator (ed.), Handbook of Mathematical Economics, edition 2, volume 3, chapter 26, pages 1281-1355 Elsevier.
  20. repec:fth:starer:9816 is not listed on IDEAS
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Cited by:
  1. Khan, M. Ali & Zaslavski, Alexander J., 2009. "On existence of optimal programs: The RSS model without concavity assumptions on felicities," Journal of Mathematical Economics, Elsevier, vol. 45(9-10), pages 624-633, September.

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