The discrete time version of the Romer model
Lisa Morhaim (),
Charles-Henri DiMaria and
Cuong Le van ()
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Lisa Morhaim: CERMSEM, Université de Paris I, MSE, 106-112 Bd de l'Hôpital, 75013 Paris, FRANCE
Economic Theory, 2002, vol. 20, issue 1, 133-158
This paper presents a discrete time version of the Romer 1986 model of endogenous growth. The purpose of this work is to propose detailed and simple proofs of existence of optimal solutions and of a competitive equilibrium. The framework implemented here reduces the complexity of the proofs given by Romer (1983) in his Ph.D dissertation in a continuous time framework.
Keywords: Optimal growth; Optimal path; Increasing returns; Competitive equilibrium. (search for similar items in EconPapers)
JEL-codes: C61 O32 O41 (search for similar items in EconPapers)
Note: Received: March 7, 2000; revised version: April 25, 2001
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Working Paper: The Discrete Time Version of the Romer Model (2000)
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