Spatial dynamics and convergence: The spatial AK model
نویسندگان
چکیده
منابع مشابه
Spatial dynamics and convergence: The spatial AK model
We study the optimal dynamics of an AK economy where population is uniformly distributed along the unit circle. Locations only differ in initial capital endowments. Despite constant returns to capital, we prove that transition dynamics will set in. In particular, we prove that the spatio-temporal dynamics, induced by the willingness of the planner to give the same (detrended) consumption over s...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2013
ISSN: 0022-0531
DOI: 10.1016/j.jet.2013.09.013