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The discrete time version of the Romer model

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Author Info

  • Lisa Morhaim

    ()
    (CERMSEM, Université de Paris I, MSE, 106-112 Bd de l'Hôpital, 75013 Paris, FRANCE)

  • Charles-Henri Dimaria

    ()
    (CERMSEM, Université de Paris I, MSE, 106-112 Bd de l'Hôpital, 75013 Paris, FRANCE)

  • Cuong Le Van

    ()
    (CNRS-CERMSEM, Université de Paris I, MSE, 106-112 Bd de l'Hôpital, 75013 Paris, FRANCE)

Abstract

This paper presents a discrete time version of the Romer 1986 model of endogenous growth. The purpose of this work is to propose detailed and simple proofs of existence of optimal solutions and of a competitive equilibrium. The framework implemented here reduces the complexity of the proofs given by Romer (1983) in his Ph.D dissertation in a continuous time framework.

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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 20 (2002)
Issue (Month): 1 ()
Pages: 133-158

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Handle: RePEc:spr:joecth:v:20:y:2002:i:1:p:133-158

Note: Received: March 7, 2000; revised version: April 25, 2001
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Related research

Keywords: Optimal growth; Optimal path; Increasing returns; Competitive equilibrium.;

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Cited by:
  1. repec:hal:journl:halshs-00118829 is not listed on IDEAS
  2. Leonard J. Mirman & Kevin Reffett & John Stachurski, 2004. "Some Stability Results for Markovian Economic Semigroups," Department of Economics - Working Papers Series 902, The University of Melbourne.
  3. Crettez, Bertrand & Morhaim, Lisa, 2012. "Existence of competitive equilibrium in a non-optimal one-sector economy without conditions on the distorted marginal product of capital," Mathematical Social Sciences, Elsevier, vol. 63(3), pages 197-206.
  4. d'Albis, Hippolyte & Le Van, Cuong, 2006. "Existence of a competitive equilibrium in the Lucas (1988) model without physical capital," Journal of Mathematical Economics, Elsevier, vol. 42(1), pages 46-55, February.
  5. Le Van, Cuong & Saglam, H. Cagri, 2004. "Quality Of Knowledge Technology, Returns To Production Technology, And Economic Development," Macroeconomic Dynamics, Cambridge University Press, vol. 8(02), pages 147-161, April.
  6. repec:hal:journl:halshs-00101237 is not listed on IDEAS
  7. Marius Valentin Boldea, 2006. "On the equilibrium in a discrete-time Lucas Model with endogenous leisure," Cahiers de la Maison des Sciences Economiques b06054, Université Panthéon-Sorbonne (Paris 1).
  8. Marrero, Gustavo A., 2008. "Revisiting The Optimal Stationary Public Investment Policy In Endogenous Growth Economies," Macroeconomic Dynamics, Cambridge University Press, vol. 12(02), pages 172-194, April.

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