Uniform boundedness of feasible per capita output streams under convex technology and non-stationary labor

Piotr Maćkowiak

MPRA Paper from University Library of Munich, Germany

Abstract: This paper shows that under classical assumptions on technological mapping and presence of an indispensable production factor there is a bound on long-term per capita production. The bound does not depend on initial state of economy. It is shown that all feasible processes converge uniformly over every bounded set of initial inputs p.c. to some set (dependent on technology).

Keywords: boundedness of trajectories; output path; multi-sector growth model (search for similar items in EconPapers)
JEL-codes: C61 O41 (search for similar items in EconPapers)
Date: 2004
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https://mpra.ub.uni-muenchen.de/41891/1/MPRA_paper_41891.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/41891/2/Uniformly_Bounded_Trajectories.pdf original version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:41891

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