Optimal Resource Allocation in a Representative Investor Economy
The Ramsey–Cass–Koopmans neoclassical growth setup and the AK endogenous growth framework are two prototypes of a class of growthmodelswhere, by assumption, investment resources are always perfectly allocated to production. As a corollary, these models offer a partial view of the growth process circ...
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| Format: | article |
| Language: | eng |
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2017
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| Online Access: | http://hdl.handle.net/10400.21/6898 |
| Country: | Portugal |
| Oai: | oai:repositorio.ipl.pt:10400.21/6898 |