The discrete time version of the Romer model
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.
Volume (Year): 20 (2002)
Issue (Month): 1 ()
|Note:||Received: March 7, 2000; revised version: April 25, 2001|
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