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University of Illinois at Urbana-Champaign
The Effects of Fixed Factors of Production in Optimal Growth Models
Abstract
dc:descriptionAfter inspecting the effect of the fixed factor upon economic growth, I go on to further examine properties of the optimal growth path. Assuming a specific C.E.S. form for utility and fixing the amount of land available and an AK type production function (that is, for the model of chapter 2), we may calculate the terminal time at which the economy's entire stock of land is developed. We cannot calculate the optimal terminal time for the model with exogenous technological progress, however, because to do so involves solving an unsolvable series of nonlinear differential equations.
Degree
thesis:*- Name thesis:degree_name
- Ph.D.
- Level thesis:degree_level
- Dissertation
- Discipline thesis:degree_discipline
- Economics
- Grantor
- University of Illinois at Urbana-Champaign
- Year dc:date
- 2015
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Benjamin, Richard Michael
- Contributors dc:contributor
-
- Charles Kahn
Subjects
dc:subject × 1Rights
- Language dc:language
- eng
Identifiers
dc:identifier.*- Identifier
- (MiAaPQ)AAI9812532
- OAI identifier oai:identifier
- oai:www.ideals.illinois.edu:2142/85617