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Модели Равновесного Экономического Роста
[Models of Equilibrium Economic Growth]



We develop a turnpike theory for a class of dynamic general equilibrium models where total demand function satisfy monotonicity conditions. As special cases, we receive well known results about asymptotic behavior of optimal paths.

Suggested Citation

  • Polterovich, Victor, 1976. "Модели Равновесного Экономического Роста
    [Models of Equilibrium Economic Growth]
    ," MPRA Paper 22201, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22201

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    References listed on IDEAS

    1. Bernard Gilroy & Tobias Volpert, 2002. "Economic insights and deficits in European biotechnology patent policy," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 37(3), pages 150-155, May.
    2. Richard Gilbert & Carl Shapiro, 1990. "Optimal Patent Length and Breadth," RAND Journal of Economics, The RAND Corporation, vol. 21(1), pages 106-112, Spring.
    3. James Bessen & Eric Maskin, 2009. "Sequential innovation, patents, and imitation," RAND Journal of Economics, RAND Corporation, vol. 40(4), pages 611-635.
    4. Zucker, Lynne G & Darby, Michael R & Brewer, Marilynn B, 1998. "Intellectual Human Capital and the Birth of U.S. Biotechnology Enterprises," American Economic Review, American Economic Association, vol. 88(1), pages 290-306, March.
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    Cited by:

    1. 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.

    More about this item


    equilibrium path; stationary(steady) state; turnpike theorem; monotonicity of demand function; generalized gross substitutability; revealed preference axiom; dynamic optimization model;

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium


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