Spatial growth theory: Optimality and spatial heterogeneity

Anastasios Xepapadeas and Athanasios N. Yannacopoulos

Journal of Economic Dynamics and Control, 2023, vol. 146, issue C

Abstract: Spatiotemporal dynamics are introduced in a standard Ramsey model of optimal growth in which capital moves toward locations where the marginal productivity of capital is relatively higher and initiate a study of the effects of nonlinear capital transport in terms of a linearized analysis around steady state solution solutions.

Keywords: Ramsey model; spatiotemporal dynamics; flat earth; pattern formation (search for similar items in EconPapers)
JEL-codes: C61 C62 O41 R11 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Working Paper: Spatial Growth Theory: Optimality and Spatial Heterogeneity (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:146:y:2023:i:c:s0165188922002871

DOI: 10.1016/j.jedc.2022.104584

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