On a uniform turnpike of the third kind in the Robinson-Solow-Srinivasan model

dc.contributor.affiliationFGV
dc.contributor.authorKhan, Ali
dc.contributor.authorZaslavski, Alexander J.
dc.contributor.unidadefgvEscolas::EPGEpor
dc.date.accessioned2008-05-13T15:30:33Z
dc.date.available2008-05-13T15:30:33Z
dc.date.issued2007-01-01
dc.description.abstractOn using McKenzie’s taxonomy of optimal accumulation in the longrun, we report a 'uniform turnpike' theorem of the third kind in a model original to Robinson, Solow and Srinivasan (RSS), and further studied by Stiglitz. Our results are presented in the undiscounted, discrete-time setting emphasized in the recent work of Khan-Mitra, and they rely on the importance of strictly concave felicity functions, or alternatively, on the value of a 'marginal rate of transformation', ξσ, from one period to the next not being unity. Our results, despite their specificity, contribute to the methodology of intertemporal optimization theory, as developed in economics by Ramsey, von Neumann and their followers.eng
dc.identifier.issn0104-8910
dc.identifier.urihttps://hdl.handle.net/10438/691
dc.language.isoeng
dc.publisherEscola de Pós-Graduação em Economiapor
dc.relation.ispartofseriesEnsaios Econômicos;641por
dc.subject.areaEconomiapor
dc.subject.bibliodataEconomiapor
dc.subject.bibliodataEconomia matemáticapor
dc.titleOn a uniform turnpike of the third kind in the Robinson-Solow-Srinivasan modeleng
dc.typeWorking Papereng
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