VAN, Cuong LE; SAGLAM, H. Cagri - Institut de Recherche Économique et Sociale (IRES), … - 2001
Presenting a discrete time version of the Romer (1986) model, this paper analyzes optimal paths in a one-sector growth model when the technology is not convex. We prove that for a given quality of knowledge technology, the countries could take-off if their initial stock of capital are above a...