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.

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Type of publication:	Book / Working Paper
Language:	English
Notes:	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.
Classification:	O3 - Technological Change; Research and Development ; O4 - Economic Growth and Aggregate Productivity
Source:	BASE

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