Optimal growth processes in a non-stationary Gale economy with a multilane production turnpike
The topic of the paper is relevant in the field of optimal growth theory and therefore might be seen as an intellectual underpinning for research and practice in the field of transition economies and sustainable long-time development as well. It refers to the papers Panek (2015a, 2018) devoted to as...
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| Format: | Article |
| Language: | English |
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Sciendo
2019-06-01
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| Series: | Economics and Business Review |
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| Online Access: | https://doi.org/10.18559/ebr.2019.2.1 |
| _version_ | 1818587379854737408 |
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| author | Panek Emil |
| author_facet | Panek Emil |
| author_sort | Panek Emil |
| collection | DOAJ |
| description | The topic of the paper is relevant in the field of optimal growth theory and therefore might be seen as an intellectual underpinning for research and practice in the field of transition economies and sustainable long-time development as well. It refers to the papers Panek (2015a, 2018) devoted to asymptotic properties of optimal growth properties in the non-stationary Gale type economy with single and multi-lane turn-pikes in which it was assumed that changing production technology converges in time with certain limits of technology. As far as the postulate of a non-stationary economy (here: technology change) is consistent with real processes, the hypothesis of the existence of some limiting technology may raise controversies and be difficult to verify. |
| first_indexed | 2024-12-16T09:07:56Z |
| format | Article |
| id | doaj.art-61af9dfc189a45168f28f50e7963c34e |
| institution | Directory Open Access Journal |
| issn | 2450-0097 |
| language | English |
| last_indexed | 2024-12-16T09:07:56Z |
| publishDate | 2019-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Economics and Business Review |
| spelling | doaj.art-61af9dfc189a45168f28f50e7963c34e2022-12-21T22:37:02ZengSciendoEconomics and Business Review2450-00972019-06-015232310.18559/ebr.2019.2.1ebr.2019.2.1Optimal growth processes in a non-stationary Gale economy with a multilane production turnpikePanek Emil0Poznań University of Economics and Business, Faculty of Informatics and Electronic Economy, Department of Mathematical Economics, al. Niepodległości 10, 60-967Poznań, PolandThe topic of the paper is relevant in the field of optimal growth theory and therefore might be seen as an intellectual underpinning for research and practice in the field of transition economies and sustainable long-time development as well. It refers to the papers Panek (2015a, 2018) devoted to asymptotic properties of optimal growth properties in the non-stationary Gale type economy with single and multi-lane turn-pikes in which it was assumed that changing production technology converges in time with certain limits of technology. As far as the postulate of a non-stationary economy (here: technology change) is consistent with real processes, the hypothesis of the existence of some limiting technology may raise controversies and be difficult to verify.https://doi.org/10.18559/ebr.2019.2.1non-stationary gale’s economyvon neumann’s temporary equilibriummulti-lane turnpikec6o4 |
| spellingShingle | Panek Emil Optimal growth processes in a non-stationary Gale economy with a multilane production turnpike Economics and Business Review non-stationary gale’s economy von neumann’s temporary equilibrium multi-lane turnpike c6 o4 |
| title | Optimal growth processes in a non-stationary Gale economy with a multilane production turnpike |
| title_full | Optimal growth processes in a non-stationary Gale economy with a multilane production turnpike |
| title_fullStr | Optimal growth processes in a non-stationary Gale economy with a multilane production turnpike |
| title_full_unstemmed | Optimal growth processes in a non-stationary Gale economy with a multilane production turnpike |
| title_short | Optimal growth processes in a non-stationary Gale economy with a multilane production turnpike |
| title_sort | optimal growth processes in a non stationary gale economy with a multilane production turnpike |
| topic | non-stationary gale’s economy von neumann’s temporary equilibrium multi-lane turnpike c6 o4 |
| url | https://doi.org/10.18559/ebr.2019.2.1 |
| work_keys_str_mv | AT panekemil optimalgrowthprocessesinanonstationarygaleeconomywithamultilaneproductionturnpike |