Article ID Journal Published Year Pages File Type
5054335 Economic Modelling 2014 4 Pages PDF
Abstract
► We demonstrate serious deficiencies of traditional optimal growth theory. ► Traditional approach cannot come up with reasonable savings rates. ► Traditional approach conflicts with competitive equilibrium.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Optimal growth theory: Challenging problems and suggested answers
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