“Strong” Turnpike Effect in the Gale Economic Dynamics Model. Finite State Growth Problem (Self-Correction) Cover Image

„Silny” efekt magistrali w modelu dynamiki ekonomicznej typu Gale’a. Zagadnienie wzrostu docelowego
“Strong” Turnpike Effect in the Gale Economic Dynamics Model. Finite State Growth Problem (Self-Correction)

Author(s): Emil Panek
Subject(s): Economy
Published by: Główny Urząd Statystyczny
Keywords: Gale economy; von Neumann equilibrium; production turnpike; “strong” turnpike theorem

Summary/Abstract: The article contains a correction of lemma 1 proof and the consequently “strong” turnpike theorem 3 as presented in the work by Panek (2013).

  • Issue Year: 62/2015
  • Issue No: 2
  • Page Range: 253-257
  • Page Count: 5
  • Language: Polish