A Discussion on Continuous Time Growth Models

Amitava Bose

Abstract


This note discusses an intriguing problem of economic modeling raised by an example due to Tapan Mitra. The example is a special case of the continuous-time Solow model of economic growth (1956). The discussion in the paper seems to point to the following conclusion: given the Inada condition, the Solow model is under-specified for the case k(0) = 0.

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