Chichilnisky, Graciela and Gruenwald, Paul F. (1994): Existence of an optimal growth path with endogenous technical change. Published in: Economic Letters , Vol. 48, (1995): pp. 433-439.
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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).
|Item Type:||MPRA Paper|
|Original Title:||Existence of an optimal growth path with endogenous technical change|
|Keywords:||endogenous growth; technical change; increasing returns|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity
|Depositing User:||Graciela Chichilnisky|
|Date Deposited:||23. Apr 2008 07:55|
|Last Modified:||21. Mar 2015 01:52|
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