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The Turnpike of Dynamic General Equilibrium Paths and its Insensitivity to Initial Conditions

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  • M. Yano

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  • M. Yano, 2010. "The Turnpike of Dynamic General Equilibrium Paths and its Insensitivity to Initial Conditions," Levine's Working Paper Archive 1394, David K. Levine.
  • Handle: RePEc:cla:levarc:1394
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    1. McKenzie, Lionel W, 1981. "The Classical Theorem on Existence of Competitive Equilibrium," Econometrica, Econometric Society, vol. 49(4), pages 819-841, June.
    2. Lionel W. McKenzie, 2012. "turnpike theory," The New Palgrave Dictionary of Economics, Palgrave Macmillan.
    3. Yano, Makoto, 1985. "Competitive Equilibria on Turnpikes in a McKenzie Economy, II: An Asymptotic Turnpike Theorem," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(3), pages 661-669, October.
    4. Yano, Makoto, 1984. "Competitive Equilibria on Turnpikes in a McKenzie Economy, I: A Neighborhood Turnpike Theorem," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(3), pages 695-717, October.
    5. McKenzie, Lionel W., 1979. "Optimal Economic Growth and Turnpike Theorems," Working Papers 267, California Institute of Technology, Division of the Humanities and Social Sciences.
    6. Robert A. Becker, 1980. "On the Long-Run Steady State in a Simple Dynamic Model of Equilibrium with Heterogeneous Households," The Quarterly Journal of Economics, Oxford University Press, vol. 95(2), pages 375-382.
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    Cited by:

    1. Evstigneev, I. V. & Taksar, M., 1995. "Stochastic equilibria on graphs, II," Journal of Mathematical Economics, Elsevier, vol. 24(4), pages 383-406.
    2. Dai, Darong, 2011. "Modeling the minimum time needed to economic maturity," MPRA Paper 40583, University Library of Munich, Germany, revised 08 Aug 2012.
    3. Kazuo Nishimura & Alain Venditti & Makoto Yano, 2010. "Expectation-driven fluctuations and welfare loss under free trade in two-country models," International Journal of Economic Theory, The International Society for Economic Theory, vol. 6(1), pages 97-125.
    4. Atsumasa Kondo, 2008. "On The Inefficacy Of Temporary Policy In A Dynamic General Equilibrium With Money," The Japanese Economic Review, Japanese Economic Association, vol. 59(3), pages 324-344.
    5. Christian Ghiglino & Marielle Olszak-Duquenne, 2002. "The impact of heterogeneity on indeterminacy," Diskussionsschriften dp0213, Universitaet Bern, Departement Volkswirtschaft.
    6. Suzuki, Takashi, 2013. "Core and competitive equilibria of a coalitional exchange economy with infinite time horizon," Journal of Mathematical Economics, Elsevier, vol. 49(3), pages 234-244.
    7. Arkin, Vadim I & Slastnikov, Alexander D, 1996. "Changing Economic Mechanisms: A Model of the Transition from Budget Regulation to the Competitive Market," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 307-321, February.
    8. Kazuo Nishimura & Alain Venditti & Makoto Yano, 2014. "Destabilization effect of international trade in a perfect foresight dynamic general equilibrium model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(2), pages 357-392, February.
    9. An-Chi Tung & Henry Wan, Jr., 2009. "Comparative Advantages and Possible Coordination Failure: An Explanatory Note," Review of International Economics, Wiley Blackwell, vol. 17(SI), pages 280-291, May.
    10. KONDO Atsumasa, "undated". "The Role of Productivity Growth Rates for Rising Inequality in an Economy with Heterogeneous Agents," ESRI Discussion paper series 326, Economic and Social Research Institute (ESRI).
    11. Nishimura, Kazuo & Shimomura, Koji, 2002. "Trade and Indeterminacy in a Dynamic General Equilibrium Model," Journal of Economic Theory, Elsevier, vol. 105(1), pages 244-260, July.
    12. Michele Boldrin, 1988. "Persistent Oscillations and Chaos in Dynamic Economic Models: Notes for a Survey," UCLA Economics Working Papers 458A, UCLA Department of Economics.
    13. Dai, Darong, 2012. "A Robust Turnpike Deduced by Economic Maturity," MPRA Paper 48818, University Library of Munich, Germany.
    14. Christian Ghiglino & Marielle Olszak-Duquenne, 2005. "On The Impact Of Heterogeneity On Indeterminacy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(1), pages 171-188, February.
    15. Makoto Yano, 2009. "The Foundation Of Market Quality Economics," The Japanese Economic Review, Japanese Economic Association, vol. 60(1), pages 1-32.
    16. Kazuo Nishimura & Alain Venditti & Makoto Yano, 2009. "Optimal Growth and Competitive Equilibrium Business Cycles under Decreasing Returns in Two-Country Models," Review of International Economics, Wiley Blackwell, vol. 17(SI), pages 371-391, May.
    17. 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.
    18. Bondarev, Anton, 2018. "Heterogeneous R&D spillovers and sustainable growth: Limits to efficient regulation," Working papers 2018/04, Faculty of Business and Economics - University of Basel.
    19. McKenzie, L., 1999. "The First Conferences on the Theory of Economic Growth," RCER Working Papers 459, University of Rochester - Center for Economic Research (RCER).
    20. Darong Dai, 2015. "Robust Turnpikes Deduced by the Minimum-Time Needed toward Economic Maturity," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 9(1), pages 049-073, October.
    21. Darong Dai, 2013. "Wealth Martingale and Neighborhood Turnpike Property In Dynamically Complete Market With Heterogeneous Investors," Economic Research Guardian, Weissberg Publishing, vol. 3(2), pages 86-110, December.
    22. Darong Dai, 2012. "Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 381-423, November.

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