英文标题:
《On Convergence in the Spatial AK Growth Models》
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作者:
Gani Aldashev and Serik Aldashev and Timoteo Carletti
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最新提交年份:
2014
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英文摘要:
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.
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中文摘要:
最近的经济理论研究试图在一个统一的框架内研究最优经济增长和经济活动的空间位置。到目前为止,这篇文献的关键结果——渐进收敛,即使在资本回报率没有下降的情况下——依赖于关于社会规划者目标的具体假设。我们证明了这个结果不依赖于这样的限制性假设,并且得到了一类更广泛的目标函数。我们还推广了这一发现,考虑到时变技术参数,并为资本存量的空间分布动力学提供了一个明确的解决方案。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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