{"title":"关于代际重叠增长模型中的黄金法则条件的说明","authors":"O. Nishimura, Takeo Nakao","doi":"10.1111/J.1467-9957.1986.TB01283.X","DOIUrl":null,"url":null,"abstract":"This paper examines the existence problem of the stationary state that maximizes per capita utility in Samuelson-D iamond model of overlapping generations combined with the post-Keynesian model o f capital growth. Since in a life-cycle consumption model the consumer's decisio n depends on capital intensity, the relation between consumer's utility and capi tal intensity is not as simple asin the post-Keynesian model of capital growth. In this paper the authors show that a unique and stable stationary state is a l ocal minimum, if it satisfies the well-known Swan-Phelps golden-rule production relation. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester","PeriodicalId":83172,"journal":{"name":"The Manchester school of economic and social studies","volume":"30 1","pages":"420-424"},"PeriodicalIF":0.0000,"publicationDate":"1986-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"A NOTE ON THE GOLDEN-RULE CONDITION IN THE OVERLAPPING GENERATIONS GROWTH MODEL\",\"authors\":\"O. Nishimura, Takeo Nakao\",\"doi\":\"10.1111/J.1467-9957.1986.TB01283.X\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper examines the existence problem of the stationary state that maximizes per capita utility in Samuelson-D iamond model of overlapping generations combined with the post-Keynesian model o f capital growth. Since in a life-cycle consumption model the consumer's decisio n depends on capital intensity, the relation between consumer's utility and capi tal intensity is not as simple asin the post-Keynesian model of capital growth. In this paper the authors show that a unique and stable stationary state is a l ocal minimum, if it satisfies the well-known Swan-Phelps golden-rule production relation. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester\",\"PeriodicalId\":83172,\"journal\":{\"name\":\"The Manchester school of economic and social studies\",\"volume\":\"30 1\",\"pages\":\"420-424\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1986-12-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"The Manchester school of economic and social studies\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1111/J.1467-9957.1986.TB01283.X\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Manchester school of economic and social studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/J.1467-9957.1986.TB01283.X","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
A NOTE ON THE GOLDEN-RULE CONDITION IN THE OVERLAPPING GENERATIONS GROWTH MODEL
This paper examines the existence problem of the stationary state that maximizes per capita utility in Samuelson-D iamond model of overlapping generations combined with the post-Keynesian model o f capital growth. Since in a life-cycle consumption model the consumer's decisio n depends on capital intensity, the relation between consumer's utility and capi tal intensity is not as simple asin the post-Keynesian model of capital growth. In this paper the authors show that a unique and stable stationary state is a l ocal minimum, if it satisfies the well-known Swan-Phelps golden-rule production relation. Copyright 1986 by Blackwell Publishers Ltd and The Victoria University of Manchester
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