Dai, Darong (2012): A Robust Turnpike Deduced by Economic Maturity.

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Abstract
In the paper, a onesector neoclassical model with stochastic growth has been constructed. The key concept of economic maturity is welldefined in the abstract model economy, and also a thorough characterization of the minimum time needed to economic maturity is supplied for the first time. Moreover, it is confirmed that the capitallabor ratio corresponding to the state of economic maturity indeed provides us with a robust turnpike of the optimal path of capital accumulation.
Item Type:  MPRA Paper 

Original Title:  A Robust Turnpike Deduced by Economic Maturity 
English Title:  A Robust Turnpike Deduced by Economic Maturity 
Language:  English 
Keywords:  Stochastic growth; Economic maturity; Asymptotic turnpike theorem; Neighborhood turnpike theorem; Robustness. 
Subjects:  C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C60  General E  Macroeconomics and Monetary Economics > E1  General Aggregative Models > E13  Neoclassical E  Macroeconomics and Monetary Economics > E2  Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22  Investment ; Capital ; Intangible Capital ; Capacity 
Item ID:  48818 
Depositing User:  darong dai 
Date Deposited:  04 Aug 2013 16:23 
Last Modified:  02 Oct 2019 17:35 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/48818 