The Existence of an Optimal Path in a Growth Model with Endogenous Technical Change

Graciela Chichilnisky & Paul F. Gruenwald
We find a growth path B which is not feasible, and which grows exponentially. This path B bounds all feasible paths. Using this bound we define a finite measure on the set of integers, A, and consider a "weighted" Banach space H\ of all sequences which are summable with respect to this measure A. This space includes all bounded sequences, and many exponentially growing sequences; in particular, it contains all the feasible growth paths in...
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