Existence of an optimal growth path with endogenous technical change
AbstractWe prove the existence of an optimal growth path in an economy where goods that are not consumed are wither invested in next period or in R&D with overall non-convex production possibilities, ising results of non-linear functional analysis in weighted Lp spaces of Chichilnisky (Journal of Optimication Theory and Applications, 1977, 61, no. 2. 504-520) and (Journal of Mathematical Economics, 1981, 8, 1-14).
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8394.
Date of creation: 19 Apr 1994
Date of revision:
endogenous growth; technical change; increasing returns;
Other versions of this item:
- Chichilnisky, Graciela & Gruenwald, Paul F., 1995. "Existence of an optimal growth path with endogenous technical change," Economics Letters, Elsevier, Elsevier, vol. 48(3-4), pages 433-439, June.
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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- Chichilnisky, Graciela, 1977. "Nonlinear functional analysis and optimal economic growth," MPRA Paper 7990, University Library of Munich, Germany.
- Chichilnisky, Graciela & Kalman, P. J., 1979. "Application of functional analysis to models of efficient allocation of economic resources," MPRA Paper 8004, University Library of Munich, Germany.
- Chichilnisky, Graciela, 1981. "Existence of optimal savings policies with imperfect information and non-convexities," Journal of Mathematical Economics, Elsevier, vol. 8(1), pages 1-14, March.
- Chichilnisky, Graciela & Beltratti, Andrea & Heal, Geoffrey, 1998. "Sustainable use of renewable resources, Chapter 2.1," MPRA Paper 8815, University Library of Munich, Germany.
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