On Convergence in the Spatial AK Growth Models

Résultats de recherche: Livre/Rapport/RevueAutre rapport

23 Téléchargements (Pure)

Résumé

Recent research in economic theory attempts to study optimal economic growth
and spatial location of economic activity in a uniÖed framework. So far, the key result of this literature - asymptotic convergence, even in the absence of decreasing returns to capital - relies on speciÖc assumptions about the objective of the social planner. We show that this result does not depend on such restrictive assumptions and obtains for a broader class of objective functions. We also generalize this Önding, allowing for the time-varying technology parameter, and provide an explicit solution for the dynamics of spatial distribution of the capital stock.
langue originaleAnglais
EditeurNamur center for complex systems
Nombre de pages16
Volume3
Edition14
Etat de la publicationPublié - 19 janv. 2014

Série de publications

NomnaXys Technical Report Series
EditeurUniversity of Namur
Numéro2014
Volume3

Empreinte digitale Examiner les sujets de recherche de « On Convergence in the Spatial AK Growth Models ». Ensemble, ils forment une empreinte digitale unique.

Contient cette citation