Essays on optimal economic growth

The first essay is concerned with evaluating a stream of utility which extends into the infinite future. In it are derived sufficient conditions on a preference ordering to permit the definition of a continuous utility function as well as, the implications of various axiom sets with respect to preferences in the timing of utility. In the second essay, the time profiles of various economic variables in a neoclassical model are related to two indices of technical change, characterizing the rate and bias of this change. These relationships are used to discuss sufficient conditions for exponential growth and the movement over time of the factor-price frontier. In the third essay is derived the optimal growth path for a model described by T. N. Srinivasan, which has fixed coefficients but many types of capital goods.

Department dc:contributor.department

Massachusetts Institute of Technology. Department of Economics and Social Science

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

1963

Author dc:creator

• Diamond, Peter A

Advisor dc:contributor.advisor

• R. M. Solow.

• Economics and Social Science.

Statement dc:rights

• M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/59420

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/59420