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- W1977001765 abstract "Abstract Maximum balanced growth paths (turnpikes) are compared with 5-year maximum consumption ones and with the actual Jamaican economy, using 8-sector dynamic Leontief data ( A,B ) for 1957–1966. The economy is shown to reach the turnpikes within one or two periods from several base year endowments, but with a consumption penalty, reducible depending on the assumptions about the final demand trajectories (closures). With the finite horizon, a relatively flexible final demand policy is shown to be superior to fixed closures, at least by the consumption criterion, since advantage can be taken of the ‘lulls’ in demand for a good as capital stock, to consume more of it." @default.
- W1977001765 created "2016-06-24" @default.
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- W1977001765 date "1983-08-01" @default.
- W1977001765 modified "2023-09-27" @default.
- W1977001765 title "Comparison of turnpikes with consumption maximising sectoral growth paths for Jamaica 1957–1971" @default.
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- W1977001765 doi "https://doi.org/10.1016/0304-3878(83)90058-5" @default.
- W1977001765 hasPublicationYear "1983" @default.
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