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The Discrete Time Version of the Romer Model

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Author Info

  • Le Van, C.
  • Morhaim, L.
  • Dimaria, C.-H.

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

Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Papiers d'Economie Mathématique et Applications with number 2000.63.

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Length: 26 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:pariem:2000.63

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Postal: France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France
Phone: + 33 44 07 81 00
Fax: + 33 1 44 07 83 01
Web page: http://cermsem.univ-paris1.fr/
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Keywords: GROWTH MODELS ; COMPETITION ; INNOVATIONS;

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Cited by:
  1. 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.
  2. 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.
  3. LE VAN, Cuong & SAGLAM, H. Cagri, . "Quality of knowledge technology, returns to production technology, and economic development," CORE Discussion Papers RP -1747, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. 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.
  5. Gustavo A. Marrero, 2005. "Revisiting the optimal stationary public investment policy in endogenous growth economies," Documentos del Instituto Complutense de Análisis Económico 0509, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.
  6. Marius Boldea, 2006. "On the equilibrium in a discrete-time Lucas Model," Post-Print halshs-00118829, HAL.
  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. Cuong Le Van & Manh-Hung Nguyen & Yiannis Vailakis, 2007. "Equilibrium dynamics in an aggregative model of capital accumulation with heterogeneous agents and elastic labor," Post-Print halshs-00101237, HAL.

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