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Title:The Effects of Fixed Factors of Production in Optimal Growth Models
Author(s):Benjamin, Richard Michael
Doctoral Committee Chair(s):Charles Kahn
Department / Program:Economics
Discipline:Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:Ph.D.
Genre:Dissertation
Subject(s):Economics, Theory
Abstract:After inspecting the effect of the fixed factor upon economic growth, I go on to further examine properties of the optimal growth path. Assuming a specific C.E.S. form for utility and fixing the amount of land available and an AK type production function (that is, for the model of chapter 2), we may calculate the terminal time at which the economy's entire stock of land is developed. We cannot calculate the optimal terminal time for the model with exogenous technological progress, however, because to do so involves solving an unsolvable series of nonlinear differential equations.
Issue Date:1997
Type:Text
Language:English
Description:70 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1997.
URI:http://hdl.handle.net/2142/85617
Other Identifier(s):(MiAaPQ)AAI9812532
Date Available in IDEALS:2015-09-25
Date Deposited:1997


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