## Maximal economic growth: a geometric approach to von Neumann's growth theory and the turnpike theorem |

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### Contents

Introduction | 1 |

The growth model defined | 6 |

Intertemporally efficient and inefficient paths | 9 |

Copyright | |

18 other sections not shown

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### Common terms and phrases

5-paths ab-ab activities analogous analysis angular distance assumption asymptotic axes Chapter VII coincide Conclusion constant consumption proportions contour contract curve convergence corre defined diagram Dorfman Economic efficient frontiers efficient funnels efficient paths leading efficient point expansion path Figure 15 Figure 3-a finite fixed coefficients full employment funnel F(n given growth path growth situation Hicks-neutral homothetic horizon identical illustrated in Figure income consumed infinite number initial endowments input and output intersection intertemporally efficient joint-product Leontief linear loci locus long-range growth marginal rates maximal neoclassical Neumann path Neumann ray nonzero consumption noted number of periods obtained origin output prices point on T2 preceding chapter price ratio production functions proof rate of transformation rates of substitution recall relative input prices relative prices rotation Samuelson Scitovsky isoquant second pencil segment shown single-product slope Solow terminal tion tive turnpike theorem vergence vertex x-intensive x-y plane x/y ratio Z-case zero consumption