Showing 1 - 7 of 7
In this paper we propose a unifying approach to study optimal growth models with bounded or unbounded returns. We prove …
Persistent link: https://www.econbiz.de/10005630666
show that thanks to debt and/or R&D the poverty trap may be avoided. Second, we introduce a distorsion : corruption which …
Persistent link: https://www.econbiz.de/10005630743
This paper presents a discrete time version of the Romer 1986 model of endogenous growth. The purpose of this work is to propose detailed and simple proofs of existence of optimal solutions and of a competitive equilibrium. The framework implemented here reduces the complexity of the proofs...
Persistent link: https://www.econbiz.de/10005478365
In this paper we first prove an equilibrium existe theorem for finite dimensional economies with unbounded below consumption sets. We only assume that the individually rational utility set is compact and use the demand approach instead of the standard Negishi's approach. We next compare the...
Persistent link: https://www.econbiz.de/10005663575
This paper describes the multisectoral macroeconomic model of a small developing economy in transition, in order to highlight linkages between agriculture and the rest of the economy, and consequences of external opening up. Agriculture is a supply sector, sticky in the short range with market...
Persistent link: https://www.econbiz.de/10005663582
. It is worth noticing that the statement of this result and its proof do not depend on the dimension or the particular …
Persistent link: https://www.econbiz.de/10005630651
We provide a proof of the existence of a (quasi-)equilibrium in an exchange economy with short selling when the preference relations of the investors are represented by a partial preorder, a setting which encompasses the case of preference relations derived from a utility function. A second...
Persistent link: https://www.econbiz.de/10005630760