Non-convex aggregate technology and optimal economic growth

DOI10.1007/S00199-008-0376-2MaRDI QIDQ2391052zbMATHOpenAlexWikidataFDO

Authors Cuong Le Van, Philippe Michel, Nguyen Manh Hung

Publication date 24 July 2009

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-008-0376-2

zbMATH Keywords

multiple equilibriapoverty trapdynamic convergencenonconvex aggregate technology

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• A model of optimal growth strategy
• A nonsmooth, nonconvex model of optimal growth
• Differentiability of the value function of nonclassical optimal growth models
• Dynamic Optimization with a Non-Convex Technology: The Case of a Linear Objective Function
• Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
• Dynamic optimization on a non-convex feasible set: Some general results for non-smooth technologies
• Dynamic optimization with a nonsmooth, nonconvex technology: the case of a linear objective function
• Dynamic programming in economics.
• Intertemporal allocation with a non-convex technology: The aggregative framework
• Optimal Growth with a Convex-Concave Production Function
• Sensitivity analysis of multisector optimal economic dynamics

Cited in

(11)

• Nonlinear dynamics in a Solow model with delay and non-convex technology
• The existence of optimal consumption policies in optimal economic growth models with nonconvex technologies
• A nonsmooth, nonconvex model of optimal growth
• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• A multidimensional, nonconvex model of optimal growth
• Optimal growth with investment enhancing labor
• Metatechnology frontier and convexity: a restatement
• Nonconvexities in an optimal growth model
• Monotonicity and continuity of the critical capital stock in the Dechert-Nishimura model
• scientific article; zbMATH DE number 4089271 (Why is no real title available?)
• Cost functions are nonconvex in the outputs when the technology is nonconvex: convexification is not harmless

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