OPTIMAL CAPITAL ACCUMULATION PATHS FOR GROWTH-MODELS WITH INFINITE PLANNING HORIZON AND NONCONVEX TECHNOLOGIES
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KRAVVARITIS, D
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PAPAGEORGIOU, NS
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PANTELIDES, G
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An infinite horizon optimal economic growth model with consumption and non-convex technologies is studied. For this model, the existence of an optimal program is established and it is also shown that the system is in asymptotic equilibrium.
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