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Consumption En Route: The Second Turnpike Theorem

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0013
Subject:
Economics and Finance, Development, Growth, and Environmental

Chapter 10 was concerned with the Final State Turnpike Theorem on the assumptions that consumption of each good per worker is fixed throughout the planning period and that the authorities try to ... More


Change

Mario Amendola and Jean‐Luc Gaffard

in Out of Equilibrium

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293804
eISBN:
9780191595851
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293801.003.0006
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter deals with the most important methods of economic dynamics. Balanced growth, endogenous growth, Solow's transitional dynamics, Harrod's knife‐edge, the Traverse and the late ... More


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