کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5099599 | 1377018 | 2007 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Towards endogenous recombinant growth
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موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
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چکیده انگلیسی
We study Weitzman's recombinant growth framework with optimally chosen R&D, consumption and saving. The analysis is carried out in the knowledge-capital state space by means of two characteristic curves: one is identified as a turnpike along which growing economies evolve; the other attracts stagnating economies. Sustained growth depends on a condition relating the slopes of the characteristic curves as well as on a minimal endowment requirement. A growing economy reaches the turnpike and evolves along it thereafter. In the long run the shares of income devoted to R&D, saving and consumption approach constant values that depend on the asymptotic characteristic slopes.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 31, Issue 11, November 2007, Pages 3459-3477
Journal: Journal of Economic Dynamics and Control - Volume 31, Issue 11, November 2007, Pages 3459-3477
نویسندگان
Yacov Tsur, Amos Zemel,