Econometrica: Apr 1966, Volume 34, Issue 2

On a Class of Growth Models

https://doi.org/0012-9682(196604)34:2<257:OACOGM>2.0.CO;2-A
p. 257-282

Murray C. Kemp, Pham Chi Thanh

Johansen's analysis [4] of a vintage-capital growth model is extended by exploring the implications of alternative assumptions about expectations, with special attention being devoted to the polar assumptions of zero and perfect forsight; by introducing an arbitrary number of sectors; and by investigating the distributional aspects of the model.

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