On a Class of Growth Models

Johansen's analysis [4] of a vintage-capital growth model is extended by exploring the implications of alternative assumptions about expectations, with special attention being devoted to the polar assumptions of zero and perfect forsight; by introducing an arbitrary number of sectors; and by in...

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Published in:Econometrica 1966-04, Vol.34 (2), p.257-282
Main Authors: Kemp, Murray C., Thānh, Phḁm Chí
Format: Article
Language:English
Subjects:
Average propensity to save
Consumer goods industries
Depreciation
Economic growth models
Economic growth rate
Economic life
Growth models
Industrial machinery
Industry
Investment return rates
Labor force
Labor supply
Production functions
Wage rate
Wage rates
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container_issue 2
container_start_page 257
container_title Econometrica
container_volume 34
creator Kemp, Murray C.
Thānh, Phḁm Chí
description Johansen's analysis [4] of a vintage-capital growth model is extended by exploring the implications of alternative assumptions about expectations, with special attention being devoted to the polar assumptions of zero and perfect forsight; by introducing an arbitrary number of sectors; and by investigating the distributional aspects of the model.
doi_str_mv 10.2307/1909933
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ispartof Econometrica, 1966-04, Vol.34 (2), p.257-282
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language eng
recordid cdi_proquest_journals_214664825
source EconLit s plnými texty; ABI/INFORM Global (ProQuest); ABI/INFORM Global; JSTOR Archival Journals
subjects Average propensity to save
Consumer goods industries
Depreciation
Economic growth models
Economic growth rate
Economic life
Growth models
Industrial machinery
Industry
Investment return rates
Labor force
Labor supply
Production functions
Wage rate
Wage rates
title On a Class of Growth Models
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