Endogenous Growth and Time-to-Build: the AK Case

Mauro Bambi ()

No ECO2006/17, Economics Working Papers from European University Institute

Abstract: In this paper, a continuous time AK model is fully analyzed under the time-to-build assumption. Existence and uniqueness of a balance growth path, as well as oscillatory convergence are proved. Moreover, the role of transversality conditions and capital depreciation are highlighted. Numerical simulations are also provided for different choices of the time-to-build delay.

Keywords: AK Model; Time-to-Build; D-Subdivision method (search for similar items in EconPapers)
JEL-codes: E00 E3 O40 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-dev, nep-dge and nep-mac
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Citations: View citations in EconPapers (17)

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Working Paper: Endogenous growth and time to build: the AK case (2006)
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