OPTIMAL GROWTH IN A LINEAR-LOGARITHMIC ECONOMY,
Abstract
The goal of this study of optimal growth in a linear-logarithmic economy has been to provide an example of a multi-sector model of economic growth in which optimal programs can be explicitly calculated for several different formulations of the criterion of optimality. With such explicit calculations one can illustrate various propositions, and test conjectures, about the properties of optimal growth. If the model studied here turns out to be sufficiently flexible, the relative simplicity of the required calculations may also make the model attractive for empirical applications. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1964
- Accession Number
- AD0439235
Entities
People
- Roy Radner
Organizations
- University of California, Berkeley