| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3241 |
| 来源ID | Working Paper 3241 |
| A Convex Model of Equilibrium Growth | |
| Larry E. Jones; Rodolfo Manuelli | |
| 发表日期 | 1990 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | Our aim in this paper is to exposit a convex model of equilibrium growth. The model is strictly in the Solow tradition. The model has two features which distinguish it from most other work on the subject. These are, first, that the model is convex on the technological side and, eecond, that fixed fatten are explicitly included. The difference between our model and the standard single sector growth model lies in the fact that the marginal product of capital does not converge to zero as the level of inputs go to infinity. Existence and characterization results are provided along with some preliminary analyses of taxation and international trade policies. It is shown that the long-run growth rate in per capita consumption depends, in the natural way, on the parameters describing tastes and technology. Finally, it is shown that some policies have growth effects while others affect only levels. It is demonstrated that in a free trade equilibrium with taxation national growth rates of consumption and output need not converge. |
| URL | https://www.nber.org/papers/w3241 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560527 |
| 推荐引用方式 GB/T 7714 | Larry E. Jones,Rodolfo Manuelli. A Convex Model of Equilibrium Growth. 1990. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3241.pdf（362KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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