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.
MLA
Cass, David. “Optimum Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem.” Econometrica, vol. 34, .no 4, Econometric Society, 1966, pp. 833-850, https://www.jstor.org/stable/1910103
Chicago
Cass, David. “Optimum Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem.” Econometrica, 34, .no 4, (Econometric Society: 1966), 833-850. https://www.jstor.org/stable/1910103
APA
Cass, D. (1966). Optimum Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem. Econometrica, 34(4), 833-850. https://www.jstor.org/stable/1910103
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