The discrete time version of the Romer model

This paper presents a discrete time version of the Romer 1986 model of endogenous growth. The purpose of this work is to propose detailed and simple proofs of existence of optimal solutions and of a competitive equilibrium. The framework implemented here reduces the complexity of the proofs given by Romer (1983) in his Ph.D dissertation in a continuous time framework.

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Year of publication:	2002-02-20
Authors:	Morhaim, Lisa ; Dimaria, Charles-Henri ; Van, Cuong Le
Published in:	Economic Theory. - Springer. - Vol. 20.2002, 1, p. 133-158
Publisher:	Springer
Subject:	Optimal growth \| Optimal path \| Increasing returns \| Competitive equilibrium

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: March 7, 2000; revised version: April 25, 2001
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; O32 - Management of Technological Innovation and R&D ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005753128