Emil Panek
ARTICLE

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ABSTRACT

In the rich literature on the turnpike theory the vast majority of papers consider turnpike properties of optimal growth processes in the stationary Neumann-Gale-Leontief economies. There are only few papers, in which their authors attempt to explore characteristics of the optimal growth processes in the non-stationary economies (with changeable technology). This objective has been undertook in this paper with the non-stationary Gale economy with the limit technology.

KEYWORDS

non-stationary Gale model, limit technology, von Neumann equilibrium, production turnpike

REFERENCES

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