Existence of an optimal growth path with endogenous technical change

Graciela Chichilnisky () and Paul F. Gruenwald

MPRA Paper from University Library of Munich, Germany

Abstract: We prove the existence of an optimal growth path in an economy where goods that are not consumed are wither invested in next period or in R&D with overall non-convex production possibilities, ising results of non-linear functional analysis in weighted Lp spaces of Chichilnisky (Journal of Optimication Theory and Applications, 1977, 61, no. 2. 504-520) and (Journal of Mathematical Economics, 1981, 8, 1-14).

Keywords: endogenous growth; technical change; increasing returns (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Date: 1994-04-19
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Journal Article: Existence of an optimal growth path with endogenous technical change (1995)
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