Freni, Giuseppe (2016): Back to the Sixties: A Note on MultiPrimaryFactor Linear Models with Homogeneous Capital.
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Abstract
This paper extends Bruno's (1967) one capital good twosector growth model with discrete technology by allowing for multiple primary factors of production. While the existence of an optimal steady state is established for any positive rate of discount, an example in which three "modified golden rules" exist shows that the optimal steady state is not necessarily unique. The extended model provides a simple exemplification of the more general principle that the presence of multiple primary factors of production in homogeneous capital models can definitively result in the same complications that arise when there is joint production.
Item Type:  MPRA Paper 

Original Title:  Back to the Sixties: A Note on MultiPrimaryFactor Linear Models with Homogeneous Capital 
English Title:  Back to the Sixties: A Note on MultiPrimaryFactor Linear Models with Homogeneous Capital 
Language:  English 
Keywords:  Homogeneous capital, Multiple primary factors, Linear activity models, Duality. 
Subjects:  C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62  Existence and Stability Conditions of Equilibrium O  Economic Development, Innovation, Technological Change, and Growth > O4  Economic Growth and Aggregate Productivity > O41  One, Two, and Multisector Growth Models 
Item ID:  77617 
Depositing User:  Giuseppe Freni 
Date Deposited:  21 Mar 2017 04:52 
Last Modified:  21 Mar 2017 04:52 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/77617 
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Back to the Sixties: A Note on MultiPrimaryFactor Linear Models with Homogeneous Capital. (deposited 18 Sep 2016 09:07)
 Back to the Sixties: A Note on MultiPrimaryFactor Linear Models with Homogeneous Capital. (deposited 21 Mar 2017 04:52) [Currently Displayed]