Full text: Study week on the econometric approach to development planning

4 
nn 
PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 
38 
>< 
Fic. 17 
Fic. 13 
A 5. INFERIORITY OF INDEFINITELY FLUCTUATING PATHS 
IF ¢=<0 
We define the asymptotic range of the path (x,, z,) as the 
nonempty closed interval 
(47) [5 3], {=lim inf z,, {= lim sup z, 
— Too t>T Too t=>7T 
A positive length T - ¢ of the asymptotic range implies that z, 
continues to fluctuate between any neighborhood of ¢ and any 
neighborhood of €, infinitely often, and for arbitrarily large ¢. 
LEMMA 2: If p<o and if §<Z for the attainable path (x,, z,), 
then there exists for each N>o an attainable path (x*, z*) and 
a Tx>o0 such that 
1 7-73 
[ 
Urle)= | ee (u(x,) — u(æt)) dt < — N for all T>T, . 
4] Koopmans - pag. 42
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.