Essays on optimal economic growth
Name
33490193-MIT.pdf
Description
Full printable version
Size
2.12 MB
Format
Adobe PDF
Checksum (MD5)
05e548d3eaf48ecfba57fd1a4762284c
Author(s)
Diamond, Peter A
Advisor(s)
R. M. Solow.
Date Issued
1963
Publisher
Massachusetts Institute of Technology
Abstract
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.
Description
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics and Social Science, 1963.
Vita.
Includes bibliographical references.
Subjects
Economics and Social Science.
MIT Department
Massachusetts Institute of Technology. Department of Economics and Social Science
Massachusetts Institute of Technology. Department of Economics
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