1965
DOI: 10.2307/2295827
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Optimum Growth in an Aggregative Model of Capital Accumulation

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Cited by 1,653 publications
(869 citation statements)
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“…dictatorships with a free press). 11 Our experimental environment is an extension of the optimal growth model of Ramsey (1928), Cass (1965), and Koopmans (1965), and is well understood theoretically.…”
Section: Introductionmentioning
confidence: 99%
“…dictatorships with a free press). 11 Our experimental environment is an extension of the optimal growth model of Ramsey (1928), Cass (1965), and Koopmans (1965), and is well understood theoretically.…”
Section: Introductionmentioning
confidence: 99%
“…6 Furthermore, through further restrictions on time allocation, we can obtain the Ramsey-Cass-Koopmans growth model [Ramsey, 1928, Cass, 1965, Koopmans, 1963 for an economic system in which no time is devoted to education, and the Solow growth model [Solow, 1956] for an economic system in which there is no free time.…”
Section: Model Setupmentioning
confidence: 99%
“…This is problematic as the neoclassical model provides the foundation, not only for firm-investment theory, but also for the neoclassical (Solow, 1956;Swan, 1956;Cass, 1965;Koopmans et al, 1965) and modern endogenous (Romer, 1989;Lucas, 1988;Grossman and Helpman, 1991) models of economic growth, which in turn provide the foundation for modern macroeconomics. This may have real world consequences.…”
Section: Introductionmentioning
confidence: 99%