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Existence of an optimal growth path with endogenous technical change

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  • Chichilnisky, Graciela
  • Gruenwald, Paul F.

Abstract

We 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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File URL: http://mpra.ub.uni-muenchen.de/8394/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8394.

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Date of creation: 19 Apr 1994
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Handle: RePEc:pra:mprapa:8394

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Keywords: endogenous growth; technical change; increasing returns;

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  1. Chichilnisky, Graciela, 1977. "Nonlinear functional analysis and optimal economic growth," MPRA Paper 7990, University Library of Munich, Germany.
  2. 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.
  3. 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.
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Cited by:
  1. 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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