EXISTENCE OF AN OPTIMAL-GROWTH PATH WITH ENDOGENOUS TECHNICAL CHANGE

Authors
CHICHILNISKY G GRUENWALD PF
Citation
G. Chichilnisky et Pf. Gruenwald, EXISTENCE OF AN OPTIMAL-GROWTH PATH WITH ENDOGENOUS TECHNICAL CHANGE, Economics letters, 48(3-4), 1995, pp. 433-439
Citations number
7
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
48
Issue
3-4
Year of publication
1995
Pages
433 - 439
Database
ISI
SICI code
0165-1765(1995)48:3-4<433:EOAOPW>2.0.ZU;2-Y
Abstract
We prove the existence of an optimal growth path in an economy where g oods that are not consumed are either invested in next period capital or in R&D with overall non-convex production possibilities, using resu lts of non-linear functional analysis in weighted L(p) spaces of Chich ilnisky (Journal of Optimization Theory and Applications, 1977, 61, no . 2, 504-520) and (Journal of Mathematical Economics, 1981, 8, 1-14).