On the Invariance of the Rate of Return to Convex Adjustment Costs
收藏NBER2001-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8635
下载链接
链接失效反馈官方服务：
资源简介：
The Modified Golden Rule, which relates the rate of return on capital and the growth rate of the capital stock along long-run growth paths that maximize the utility of a representative infinitely-lived consumer, is invariant to the introduction of convex capital adjustment costs. Therefore, along
提供机构：
美国国家经济研究局
创建时间：
2001-12-01
