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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.

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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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Publisher 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
Web page: http://cermsem.univ-paris1.fr/
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Related research
Keywords: GROWTH MODELS ; COMPETITION ; INNOVATIONS;

Find related papers by JEL classification:
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

Cited by:
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  1. Cuong LE VAN & H. Cagri SAGLAM, 2001. "Quality of Knowledge Technology, Returns to Production Technology and Economic Development," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2002004, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
    Other versions:
  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. [Downloadable!]
    Other versions:
  3. 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). [Downloadable!]
  4. Stefan Pickl, 2004. "Optimization under linear side conditions using inverse monotone matrice," Annales d'Economie et de Statistique, ADRES, issue 75-76, pages 15, Juillet-D. [Downloadable!]
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