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On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply

Author

Listed:
  • Raouf Boucekkine

    (GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Natali Hritonenko

    (Prairie View - Texas A&M University System)

  • Yuri Yatsenko

    (School of business, Houston Baptist University - Houston Baptist University)

Abstract

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.

Suggested Citation

  • Raouf Boucekkine & Natali Hritonenko & Yuri Yatsenko, 2013. "On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply," Post-Print hal-01498250, HAL.
    • Handle: RePEc:hal:journl:hal-01498250
    DOI: 10.1515/mel-2013-0001
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    Cited by:

    1. Raouf Boucekkine & Natali Hritonenko & Yuri Yatsenko, 2013. "Health, Work Intensity, and Technological Innovations," Working Papers halshs-00805199, HAL.
    2. Abdul-Salam, Yakubu, 2024. "Evaluating the impact of a 24-hour economy on Ghana's economic landscape: A computable general equilibrium approach," Socio-Economic Planning Sciences, Elsevier, vol. 95(C).
    3. Vahdani, Behnam & Mohammadi, Mehrdad & Thevenin, Simon & Meyer, Patrick & Dolgui, Alexandre, 2023. "Production-sharing of critical resources with dynamic demand under pandemic situation: The COVID-19 pandemic," Omega, Elsevier, vol. 120(C).

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