Emil Panek , Henryk J. Runka

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The article refers to the paper [5], in which a simple proof of the “weak” turnpike theorem in the von Neumann Growth Model was presented. In that paper we accepted as the growth criterion the output value (measured in the equilibrium price) produced in the finite stage of the established horizon of the economy. Whereas in this article we present two versions – “weak” and “very strong” – of the turnpike theorem in the von Neumann Growth Model, in which the part of the growth criterion is assigned to the cumulative output value, measured in the equilibrium price, produced in the entire horizon.


von Neumann Growth Model, “weak” and “very strong” turnpike theorem


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