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  1. Efficient stationary capital accumulation structures of a biconvex production technology
    paper presented at the Fifth Karlsruhe Seminar, International Symposium on Models and Measurement of Welfare and Inequality August 12-19, 1990
    Author: Wolff, Reiner
    Published: 1990
    Publisher:  Universität-Gesamthochschule Siegen, Fachbereich Wirtschaftswissenschaften, Siegen

    A classical theorem by H. Poincare asserts that the characteristic roots at a rest point of a continuous-time autonomous variational or Hamiltonian dynamical system come in opposite-signed pairs. This result confirms the catenary motion of efficient... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 46 (13)
    Inter-library loan:
    No inter-library loan

     

    A classical theorem by H. Poincare asserts that the characteristic roots at a rest point of a continuous-time autonomous variational or Hamiltonian dynamical system come in opposite-signed pairs. This result confirms the catenary motion of efficient capital accumulation paths around a saddle-point turnpike in finite-horizon· models of efficient economic growth. Poincare's theorem will be extended to the non-autonomous case of a time-dependent biconvex production technology which can be represented by a. separable transformation frontier function. This extension may prove useful to integrate into optimum growth theory areas of economic analysis such as externalities and public goods.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/118711
    Series: Discussion paper / Universität-Gesamthochschule Siegen, Fachbereich Wirtschaftswissenschaften ; no. 90, 13
    Subjects: Wachstumstheorie; Technische Effizienz; Investition; Theorie
    Scope: 1 Online-Ressource (circa 14 Seiten)
    Notes:

    Erscheint auch als Druck-Ausgabe