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Existence of an optimal growth path with endogenous technical change

Author

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  • Chichilnisky, Graciela
  • Gruenwald, Paul F.

Abstract

We prove the existence of an optimal growth path in an economy where goods that are not consumed are wither invested in next period or in R&D with overall non-convex production possibilities, ising results of non-linear functional analysis in weighted Lp spaces of Chichilnisky (Journal of Optimication Theory and Applications, 1977, 61, no. 2. 504-520) and (Journal of Mathematical Economics, 1981, 8, 1-14).

Suggested Citation

  • Chichilnisky, Graciela & Gruenwald, Paul F., 1994. "Existence of an optimal growth path with endogenous technical change," MPRA Paper 8394, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:8394
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    File URL: https://mpra.ub.uni-muenchen.de/8394/1/MPRA_paper_8394.pdf
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    References listed on IDEAS

    as
    1. Chichilnisky, Graciela & Kalman, P. J., 1979. "Application of functional analysis to models of efficient allocation of economic resources," MPRA Paper 8004, University Library of Munich, Germany.
    2. Chichilnisky, Graciela, 1977. "Nonlinear functional analysis and optimal economic growth," MPRA Paper 7990, University Library of Munich, Germany.
    3. Chichilnisky, Graciela, 1981. "Existence of optimal savings policies with imperfect information and non-convexities," Journal of Mathematical Economics, Elsevier, vol. 8(1), pages 1-14, March.
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    Cited by:

    1. Chichilnisky, Graciela & Beltratti, Andrea & Heal, Geoffrey, 1998. "Sustainable use of renewable resources, Chapter 2.1," MPRA Paper 8815, University Library of Munich, Germany.

    More about this item

    Keywords

    endogenous growth; technical change; increasing returns;

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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