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Saddle-point dynamics in non-autonomous models of multisector growth with variable returns to scale

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  • Wolff, Reiner

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  • Wolff, Reiner, 1997. "Saddle-point dynamics in non-autonomous models of multisector growth with variable returns to scale," Journal of Mathematical Economics, Elsevier, vol. 27(3), pages 267-282, April.
  • Handle: RePEc:eee:mateco:v:27:y:1997:i:3:p:267-282
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    1. Yano, Makoto, 1984. "The turnpike of dynamic general equilibrium paths and its insensitivity to initial conditions," Journal of Mathematical Economics, Elsevier, vol. 13(3), pages 235-254, December.
    2. Montrucchio, L., 1988. "Dynamical Systems That Solve Continuous-Time Concave Optimization Problems Anything Goes," UFAE and IAE Working Papers 109-89, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    3. Lionel W. McKenzie, 2012. "turnpike theory," The New Palgrave Dictionary of Economics, Palgrave Macmillan.
    4. Coutinho, Paulo C., 1991. "On competitive price systems associated with efficient growth paths," Journal of Economic Theory, Elsevier, vol. 53(1), pages 206-211, February.
    5. Cartigny, Pierre & Venditti, Alain, 1994. "Turnpike theory : Some new results on the saddle point property of equilibria and on the existence of endogenous cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 18(5), pages 957-974, September.
    6. Keeler, Emmett, 1974. "Horizon in a Simple Model of Economic Growth," Econometrica, Econometric Society, vol. 42(2), pages 273-277, March.
    7. Nishimura, Kazuo, 1985. "Competitive equilibrium cycles," Journal of Economic Theory, Elsevier, vol. 35(2), pages 284-306, August.
    8. Levhari, David & Liviatan, Nissan, 1972. "On stability in the saddle-point sense," Journal of Economic Theory, Elsevier, vol. 4(1), pages 88-93, February.
    9. José Alexandre Scheinkman, 1978. "Stability of Separable Hamiltonians and Investment Theory," Review of Economic Studies, Oxford University Press, vol. 45(3), pages 559-570.
    10. Medio, Alfredo, 1987. "Oscillations in optimal growth models," Journal of Economic Dynamics and Control, Elsevier, vol. 11(2), pages 201-206, June.
    11. Coles, Jeffrey Link, 1985. "Equilibrium Turnpike Theory with Constant Returns to Scale and Possible Heterogeneous Discount Factors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(3), pages 671-679, October.
    12. Nishimura, Kazuo & Yano, Makoto, 1995. "Nonlinear Dynamics and Chaos in Optimal Growth: An Example," Econometrica, Econometric Society, vol. 63(4), pages 981-1001, July.
    13. Bewley, Truman, 1982. "An integration of equilibrium theory and turnpike theory," Journal of Mathematical Economics, Elsevier, vol. 10(2-3), pages 233-267, September.
    14. Montrucchio, Luigi, 1995. "A turnpike theorem for continuous-time optimal-control models," Journal of Economic Dynamics and Control, Elsevier, vol. 19(3), pages 599-619, April.
    15. Truman Bewley, 2010. "An Integration of Equilibrium Theory and Turnpike Theory," Levine's Working Paper Archive 1381, David K. Levine.
    16. Benhabib, Jess & Nishimura, Kazuo, 1979. "The hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth," Journal of Economic Theory, Elsevier, vol. 21(3), pages 421-444, December.
    17. Lau, Lawrence J., 1976. "A characterization of the normalized restricted profit function," Journal of Economic Theory, Elsevier, vol. 12(1), pages 131-163, February.
    18. Blackorby, Charles & Schworm, William, 1988. "The Existence of Input and Output Aggregates in Aggregate Production Functions," Econometrica, Econometric Society, vol. 56(3), pages 613-643, May.
    19. Keeler, E B, 1972. "A Twisted Turnpike," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(1), pages 160-166, February.
    20. Gaines, R. E. & Peterson, J. K., 1985. "The existence of optimal consumption policies in optimal economic growth models with nonconvex technologies," Journal of Economic Theory, Elsevier, vol. 37(1), pages 76-98, October.
    21. McKenzie, Lionel W., 2005. "Optimal economic growth, turnpike theorems and comparative dynamics," Handbook of Mathematical Economics,in: K. J. Arrow & M.D. Intriligator (ed.), Handbook of Mathematical Economics, edition 2, volume 3, chapter 26, pages 1281-1355 Elsevier.
    22. DasGupta, S., 1985. "A local analysis of stability and regularity of stationary states in discrete symmetric optimal capital accumulation models," Journal of Economic Theory, Elsevier, vol. 36(2), pages 302-318, August.
    23. Boldrin, Michele & Montrucchio, Luigi, 1986. "On the indeterminacy of capital accumulation paths," Journal of Economic Theory, Elsevier, vol. 40(1), pages 26-39, October.
    24. Benhabib, Jess & Rustichini, Aldo, 1990. "Equilibrium cycling with small discounting," Journal of Economic Theory, Elsevier, vol. 52(2), pages 423-432, December.
    25. Yano, Makoto, 1984. "The primal route to the turnpike and asymptotic stability," Journal of Mathematical Economics, Elsevier, vol. 13(3), pages 225-234, December.
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