Jönsson, Kristian (contributor) - 2004 - [Elektronische Ressource], Rev. January 4, 2005
of the
economy:
max
fcTt;cNt;kTt;kNt;bt+1;lTt;xTt;xNtg
1X
t=0
t
c
t 1
; (4)
wheretheconsumptionoftradedandnon … investment technology and the laws of motion
12
for the capital stocks change to
iTt +iNt Gx
Ttx1
Nt (24)
iTt = 1J
J 1X
i=0 …
sTt i; iNt = 1J
J 1X
i=0
sNt i (25)
kTt+J = (1 )kTt+J 1 +sTt (26)
kNt+J = (1 )kNt+J 1 +sNt; (27)
where J is the number …