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Spatial dynamics and convergence: the spatial AK model

Raouf Boucekkine (), Carmen Camacho () and Giorgio Fabbri ()

No 2010009, Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: We study the optimal dynamics of an AK economy where population is uniformly distributed along the unit circle. Locations only differ in initial capital endowments. Despite constant returns to capital, we prove that transition dynamics will set in. In particular, we prove that the spatio-temporal dynamics, induced by the willingness of the planner to give the same (detrended) consumption over space and time, lead to convergence in the level of capital across locations in the long-run.

Keywords: Economic Growth; Inequality; Spatial Dynamics; Convergence (search for similar items in EconPapers)
JEL-codes: C60 O11 R11 R12 R13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-geo and nep-ure
Date: 2010-03-16
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Related works:
Journal Article: Spatial dynamics and convergence: The spatial AK model (2013) Downloads
Working Paper: Spatial dynamics and convergence: The spatial AK model (2013) Downloads
Working Paper: Spatial dynamics and convergence: The spatial AK model (2013)
Working Paper: Spatial dynamics and convergence: The spatial AK model (2013) Downloads
Working Paper: Spatial dynamics and convergence: The spatial AK model (2013) Downloads
Working Paper: Spatial dynamics and convergence: the spatial AK model (2010) Downloads
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