To account for the development patterns that differ considerably among economies in the long run, a variety of one-sector models that incorporate some degree of market imperfections based on technological external effects and increasing returns have been presented. This paper studies the dynamic...

To account for the development patterns that differ considerably among economies in the long run, a variety of one-sector models that incorporate some degree of market imperfections based on technological external effects and increasing returns have been presented. This paper studies the dynamic...

We provide sufficient conditions on the objective functional and the constraint functions under which the Lagrangean can be represented by a l'1 sequence of multipliers in infinite horizon discrete time optimal growth models