Search Results - subject:"modified Golden Rule"

The Wage Fund Theory and the Gains from Trade in a Dynamic Ricardian Model

Marjit, Sugata; Nakanishi, Noritsugu - 2021

develop an elaborate dynamic wage fund model in the context of contemporary economic theory. The modified golden rule can be …

Persistent link: https://www.econbiz.de/10012657924

The wage fund theory and the gains from trade in a dynamic Ricardian model

Marjit, Sugata; Nakanishi, Noritsugu - 2021

develop an elaborate dynamic wage fund model in the context of contemporary economic theory. The modified golden rule can be …

Persistent link: https://www.econbiz.de/10012599151

Should capital be taxed?

Chen, Yunmin; Chien, YiLi; Wen, Yi; Yang, C. C. - 2020

Persistent link: https://www.econbiz.de/10012308211

On the Turnpike Property of the Modified Golden Rule

Dai, Darong - In: Czech Economic Review 8 (2014) 1, pp. 26-32

Stationary and ergodic probability distribution is derived and the stochastic balanced path of capital accumulation is defined via corresponding martingale path. Moreover, stochastic version of asymptotic turnpike theorem is established in the sense of uniform topology and also neighborhood type...

Persistent link: https://www.econbiz.de/10010894098

A turnpike theorem involving a modified Golden Rule

DAI, Darong; SHEN, Kunrong - In: Theoretical and Applied Economics XVIII(2013) (2013) 11(588), pp. 25-40

corresponding modified Golden Rule path of capital accumulation is well-defined. The powerful martingale theory is thus employed …, and a stochastic turnpike theorem involving the modified Golden Rule is proved. That is, the underlying path of capital … turnpike theorem only relies on the requirement that the modified Golden-Rule path of capital accumulation is reachable in any …

Persistent link: https://www.econbiz.de/10010720598