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- W1768561946 abstract "Recent research in economic theory attempts to study optimal economic growth and spatial location of economic activity in a unified framework. So far, the key result of this literature - asymptotic convergence, even in the absence of decreasing returns to capital - relies on specific assumptions about the objective of the social planner. We show that this result does not depend on such restrictive assumptions and obtains for a broader class of objective functions. We also generalize this finding, allowing for the time-varying technology parameter, and provide an explicit solution for the dynamics of spatial distribution of the capital stock." @default.
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- W1768561946 date "2014-01-20" @default.
- W1768561946 modified "2023-09-27" @default.
- W1768561946 title "On Convergence in the Spatial AK Growth Models" @default.
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