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• W1736442011 abstract "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 space and time, lead to convergence in the level of capital across locations in the long-run." @default.
• W1736442011 created "2016-06-24" @default.
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• W1736442011 date "2013-05-01" @default.
• W1736442011 modified "2023-09-27" @default.
• W1736442011 title "Spatial dynamics and convergence: The spatial AK model" @default.
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