Vintage capital, investment, and growth (Q1181668)
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Vintage capital, investment, and growth |
scientific article |
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Vintage capital, investment, and growth (English)
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27 June 1992
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A dynamic, one-sector model of the Solow-Shell type with non-exponential rate of depreciation is presented and used to study optimal paths of growth over an infinite time-horizon. In particular, they investigate different investment dynamics under various assumptions upon capital depreciation including ``learning by using'' and ``gestation lags'' schemes.
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non-exponential rate of depreciation
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optimal paths of growth
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infinite time-horizon
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different investment dynamics
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capital depreciation
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