Vintage capital, investment, and growth (Q1181668)

From MaRDI portal





scientific article; zbMATH DE number 28678
Language Label Description Also known as
English
Vintage capital, investment, and growth
scientific article; zbMATH DE number 28678

    Statements

    Vintage capital, investment, and growth (English)
    0 references
    0 references
    0 references
    27 June 1992
    0 references
    A dynamic, one-sector model of the Solow-Shell type with non-exponential rate of depreciation is presented and used to study optimal paths of growth over an infinite time-horizon. In particular, they investigate different investment dynamics under various assumptions upon capital depreciation including ``learning by using'' and ``gestation lags'' schemes.
    0 references
    non-exponential rate of depreciation
    0 references
    optimal paths of growth
    0 references
    infinite time-horizon
    0 references
    different investment dynamics
    0 references
    capital depreciation
    0 references
    0 references

    Identifiers