Balanced growth without constant returns to scale
type: Item
instance of: scholarly article
title: Balanced growth without constant returns to scale
zbMATH Open document ID: 0603.90043
DOI: 10.1016/0304-4068(86)90008-X
author: Thomas T. Read
published in: Journal of Mathematical Economics
publication date: 1986-01-01T00:00:00Z
review text: The article deals with a nonlinear input-output model \(x(t+1)=H(x(t))\), where \(x(t)\in R^ n_+\) and \(H: R^ n_+\to R^ n_+\) is a continuous monotonous mapping. The existence and relative stability of a unique balanced growth path is established under some assumptions on H. The usual assumption of homogeneity is replaced by two additional assumptions, which allow the growth rate of the balanced growth path to fluctuate.
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91B66
zbMATH DE Number: 3974678
zbMATH Keywords: nonlinear input-output model
zbMATH Keywords: existence
zbMATH Keywords: relative stability
zbMATH Keywords: unique balanced growth path
reviewed by: Algimantas Slivinskas
MaRDI profile type: Publication
cites work: The Frobenius theorem, its Solow-Samuelson extension and the Kuhn-Tucker theorem
cites work: Balanced Growth under Constant Returns to Scale
description: scientific article; zbMATH DE number 3974678