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Growth Rate, Internal Rates of Return and Turnpikes in an Investment Model

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Author Info
Sonin, Isaac M
Abstract

This paper describes the relationship between the model's growth rate, the set of vectors of equilibrium growth and the set of internal rates of return of the investment matrix. This matrix specifies the renewable and reproducible scale-neutral investment possibilities. An explicit description of quasioptimal strategies and turnpikes is given.

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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 5 (1995)
Issue (Month): 3 (May)
Pages: 383-400
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Handle: RePEc:spr:joecth:v:5:y:1995:i:3:p:383-400

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