Existence of an optimal growth path with endogenous technical change

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).

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Year of publication:	1994-04-19
Authors:	Chichilnisky, Graciela ; Gruenwald, Paul F.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	endogenous growth \| technical change \| increasing returns

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	O3 - Technological Change; Research and Development ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005621226