文章基本信息

标题：Comment on `Amitava Bose: A Discussion on Continuous Time Growth Models'
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作者：Chetan Ghate
期刊名称：Contemporary Issues and Ideas in Social Sciences
印刷版ISSN：1817-4604
电子版ISSN：1817-4604
出版年度：2007
卷号：3
期号：3
语种：English
出版社：Soc Rsch Soc Sci & Contig Disc
摘要：This comment on Bose's note suggests that a possible approach could be to retain the continuous time framework and think about the tension between the Inada condition and the essentiality of capital. Whether there is take-off or no accumulation (forever) depends on what "force" gets the upper hand at k=0.On the one hand, no capital can be accumulated since capital is essential. On the other hand, at k=0, the marginal product of capital is infinity. Therefore, even a zero amount of capital can lead to positive output and to accumulation. Which of these forces dominates is unpredictable. Either the essentiality of capital dominates. This produces the trivial solution (k=0). Or the Inada condition dominates and this triggers an instantaneous take off.