Non-convex aggregative technology and optimal economic growth

Manh Nguyen Hung (), Cuong Le Van () and Philippe Michel
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Manh Nguyen Hung: Université de Laval - Cité Universitaire
Cuong Le Van: CERMSEM - CEntre de Recherche en Mathématiques, Statistique et Économie Mathématique - CNRS : UMR8095 - Université Panthéon-Sorbonne - Paris I

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: This paper examines a model of optimal growth where the agregation of two separate well behaved and concave production technologies exhibits a basic non-convexity. Multiple equilibria prevail in an intermediate range of interest rate. However, we show that the optimal paths monotonically converge to the one single appropriate equilibrium steady state.

Keywords: Non-convex agreggative technology; optimal economic growth; steady state. (search for similar items in EconPapers)
Date: 2005-12
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Related works:
Working Paper: Non-convex Aggregate Technology and Optimal Economic Growth (2008)
Working Paper: Non-Convex Aggregate Technology and Optimal Economic Growth (2006)
Working Paper: Non-convex Aggregate Technology and Optimal Economic Growth (2008)
Working Paper: Non-convex aggregative technology and optimal economic growth (2005)
Journal Article: Non-convex aggregate technology and optimal economic growth (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00197556_v1

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