ARTICLE
ABSTRACT
This paper, in reference to articles Panek (2003) chapt. 5 and Panek, Runka (2011) presents proof of the “strong” turnpike effect in the Gale – type economic dynamic model, assuming that the production processes efficiency in the economy is the lower the more the investment structure in such processes differs from the optimum.
KEYWORDS
Gale model, von Neumann equilibrium, „weak”, „strong” and „very strong” turnpike theorem
REFERENCES
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