Fujio, Minako - In: Journal of Economic Behavior & Organization 66 (2008) 2, pp. 420-436
This essay presents a complete characterization of undiscounted optimal policy in a Leontief two-sector growth model. We work with the precise technological specification used in Nishimura and Yano [Nishimura, K., Yano, M., 1995. Non-linear dynamics and chaos in optimal growth: an example....