Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Home> Publications> Econometrica>Optimum Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem

Econometrica: Oct, 1966, Volume 34, Issue 4

Optimum Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem

https://www.jstor.org/stable/1910103
p. 833-850

David Cass

This paper presents an analysis of the behavior of growth paths which are optimum with respect to the social welfare generated by consumption over a finite planning period. The principal result is the establishment of a (modified) golden rule turnpike property for such paths.

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December 4, 2024

Update on 2025 Submission and Publication Page Fees at Econometric Society Journals

The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica.  Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
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