Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: On the concept of optimal economic growth / Tjalling C. Koopmans, Cowles Foundation for research in Econimics at Yale University New Haven, Conn. - U.S.A.

Collection:: Economics Books

Document type:: Monograph

Structure type:: Chapter

Title:: On the concept of optimal economic growth / Tjalling C. Koopmans, Cowles Foundation for research in Econimics at Yale University New Haven, Conn. - U.S.A.

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 27. is a nonincreasing function of T. Hence G: either possesses a limit for T—oo or diverges to — oc. ln view of (57), the same must then be true for Ur. This completes the proof of statement (B). In addition. we have found LEMMA 3: If o=o0, a necessary condition for eligibility o: the bath (x,, z,) is that (57) is satisfied. Proof of (C). An optimal path (x,, 2,) is now defined as one that maximizes (58) u(æ,;) — u) dt on the attainable-and-eligible set. A beautifully simple procedure used by RAMSEY in his slightly different problem can be adapted to the present problem as long as g=o. From Lemmas 1 and 3 we conclude that, in any optimal path, 2, exhibits a nondecreasing, constant, or nonincreasing approach to lim 2,=2 according as z,<2, =2 or >2 is t=>00 establishes the second and third sentences of statemen. with the term « weakly monotonic » substituted for « stric’ monotonic ». Now consider an attainable-eligible path (a for which (59) tor ; NVST*, where Then. along the lines of (56), 4} Koobmans - pag. 47

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