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Robust Turnpikes Deduced by the Minimum-Time Needed toward Economic Maturity

Darong Dai

Czech Economic Review2015article
ABDC C
Weight
0.26

What the paper says

In the paper, a one-sector neoclassical model with stochastic growth has been constructed. The major goal of the study is to characterize relevant mathematical properties of efficient development paths for underdeveloped economies. Since economic maturity is a reasonable objective, we mainly focus on the long-run features of economic development. Indeed, the notion of economic maturity is well-defined in the model, and also a thorough characterization of the minimum time needed toward economic maturity is offered with intuitive interpretations discussed. Moreover, it is confirmed that the capital-labor ratio corresponding to the state of economic maturity provides us with a robust turnpike of the optimal path of capital accumulation.

Cite this paper

@article{darong2015,
  title        = {{Robust Turnpikes Deduced by the Minimum-Time Needed toward Economic Maturity}},
  author       = {Darong Dai},
  journal      = {Czech Economic Review},
  year         = {2015},
}

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Robust Turnpikes Deduced by the Minimum-Time Needed toward Economic Maturity

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.