Capital Growth Paths of the Neoclassical Growth Model

This paper derives the first-order approximated paths of both types of capital in the two-capital neoclassical growth model. The derived capital growth paths reveal that the short-run growth effect of capital injection differs considerably depending on which type of capital is enhanced. This result...

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Detalles Bibliográficos
Autor principal: Takahashi, Taro
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2012
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3502446/
https://www.ncbi.nlm.nih.gov/pubmed/23185344
http://dx.doi.org/10.1371/journal.pone.0049484
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author Takahashi, Taro
author_facet Takahashi, Taro
author_sort Takahashi, Taro
collection PubMed
description This paper derives the first-order approximated paths of both types of capital in the two-capital neoclassical growth model. The derived capital growth paths reveal that the short-run growth effect of capital injection differs considerably depending on which type of capital is enhanced. This result demonstrates the importance of well-targeted capital enhancement programs such as public sector projects and foreign aid.
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spelling pubmed-35024462012-11-26 Capital Growth Paths of the Neoclassical Growth Model Takahashi, Taro PLoS One Research Article This paper derives the first-order approximated paths of both types of capital in the two-capital neoclassical growth model. The derived capital growth paths reveal that the short-run growth effect of capital injection differs considerably depending on which type of capital is enhanced. This result demonstrates the importance of well-targeted capital enhancement programs such as public sector projects and foreign aid. Public Library of Science 2012-11-20 /pmc/articles/PMC3502446/ /pubmed/23185344 http://dx.doi.org/10.1371/journal.pone.0049484 Text en © 2012 Taro Takahashi http://creativecommons.org/licenses/by/4.0/ This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are properly credited.
spellingShingle Research Article
Takahashi, Taro
Capital Growth Paths of the Neoclassical Growth Model
title Capital Growth Paths of the Neoclassical Growth Model
title_full Capital Growth Paths of the Neoclassical Growth Model
title_fullStr Capital Growth Paths of the Neoclassical Growth Model
title_full_unstemmed Capital Growth Paths of the Neoclassical Growth Model
title_short Capital Growth Paths of the Neoclassical Growth Model
title_sort capital growth paths of the neoclassical growth model
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3502446/
https://www.ncbi.nlm.nih.gov/pubmed/23185344
http://dx.doi.org/10.1371/journal.pone.0049484
work_keys_str_mv AT takahashitaro capitalgrowthpathsoftheneoclassicalgrowthmodel

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