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Existence of an optimal growth path with endogenous technical change

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Author Info
Chichilnisky, Graciela
Gruenwald, Paul F.

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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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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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Related research
Keywords: endogenous growth; technical change; increasing returns;

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Find related papers by JEL classification:
O3 - Economic Development, Technological Change, and Growth - - Technological Change
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. 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. [Downloadable!]
  2. 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. [Downloadable!] (restricted)
  3. Chichilnisky, Graciela, 1977. "Nonlinear functional analysis and optimal economic growth," MPRA Paper 7990, University Library of Munich, Germany. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Chichilnisky, Graciela & Beltratti, Andrea & Heal, Geoffrey, 1998. "Sustainable use of renewable resources, Chapter 2.1," MPRA Paper 8815, University Library of Munich, Germany. [Downloadable!]
  2. Graciela Chichilnisky & Ho-Mou Wu, 2006. "General equilibrium with endogenous uncertainty and default," Discussion Papers 0506-29, Columbia University, Department of Economics. [Downloadable!]
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