„Weak” and „Very Strong” Turnpike Effect in the Non-Stationary Gale Economy with Limit Technology Cover Image

„Słaby” i „bardzo silny” efekt magistrali w niestacjonarnej gospodarce Gale’a z graniczną technologią
„Weak” and „Very Strong” Turnpike Effect in the Non-Stationary Gale Economy with Limit Technology

Author(s): Emil Panek
Subject(s): Economy
Published by: Główny Urząd Statystyczny
Keywords: non-stationary Gale model; limit technology; von Neumann equilibrium; production turnpike

Summary/Abstract: In the rich literature on the turnpike theory the vast majority of papers consider turnpike properties of optimal growth processes in the stationary Neumann-Gale-Leontief economies. There are only few papers, in which their authors attempt to explore characteristics of the optimal growth processes in the non-stationary economies (with changeable technology). This objective has been undertook in this paper with the non-stationary Gale economy with the limit technology.

  • Issue Year: 60/2013
  • Issue No: 3
  • Page Range: 291-304
  • Page Count: 14
  • Language: Polish