ARTICLE
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
[1] Gantz D. T., (1980), A Strong Turnpike Theorem for a Nonstationary von Neumann-Gale Production Model, Econometrica, 48 (7), 1777-90.
[2] Joshi S., (1997), Turnpike Theorems in Nonconvex Nonstationary Envirenments, Int. Econ. Rev., 38 (1), 225-248.
[3] Keeler E. B., (1972), A Twisted Turnpike, Int. Econ. Rev., 13 (1), 160-166.
[4] Panek E., (2003), Ekonomia matematyczna, Wydawnictwo AE w Poznaniu.
[5] Panek E., (2011), O pewnej prostej wersji „słabego” twierdzenia o magistrali w modelu von Neumanna, Przegląd Statystyczny, 58 (1-2), 75-87.
[6] Panek E., (2013), Niestacjonarny model von Neumanna z graniczną technologią, Studia Oeconomica Posnaniensia, 1 (1), 49-68.
[7] Radner R., (1961), Paths of Economic Growth that are Optimal with Regard only to Final States: A Turnpike Theorem, Rev. Econ. Studies, 28 (2), 98-104.
[8] Samuelson P. A., (1959), Effi cient Path of Capital Accumulation in Terms of the Calculus of Variations, w: Arrow K. J., Karlin S., Suppes P., (red.), Mathematical Methods in the Social Sciences, Stanford, California, 77-88.
[9] Von Neumann J., (1945-1946), A Model of General Economic Equilibrium, Rev. Econ. Studies, 13 (1), 1-9.
