On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply
We prove that the introduction of endogenous indivisible labor supply into the vintage capital growth model does not rule out the turnpike and optimal permanent regime properties, notably the non- monotonicity properties of optimal paths, inherent in this model.
|Date of creation:||05 Feb 2013|
|Date of revision:||05 Feb 2013|
|Note:||C61, C62, O40|
|Contact details of provider:|| Web page: http://www.amse-aixmarseille.fr/en|
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- Boucekkine, R. & Germain, M. & Licandro, O., .
"Replacement echoes in the vintage capital growth model,"
CORE Discussion Papers RP
1275, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1997. "Replacement Echoes in the Vintage Capital Growth Model," Journal of Economic Theory, Elsevier, vol. 74(2), pages 333-348, June.
- BOUCEKKINE, Raouf & GERMAIN, Marc & LICANDRO, Omar & MAGNUS, Alphonse, .
"Creative destruction, investment volatility, and the average age of capital,"
CORE Discussion Papers RP
1376, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Boucekkine, Raouf, et al, 1998. " Creative Destruction, Investment Volatility, and the Average Age of Capital," Journal of Economic Growth, Springer, vol. 3(4), pages 361-84, December.
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