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  1. 1 Przegląd Statystyczny

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  1. 1 Panek E.

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On a certain version of the multilane turnpike theorem in Gale’s non-stationary economy

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Panek E.
Przegląd Statystyczny
|
2019
|
vol. 66
|
issue 2
142-156
EN
In the vast majority of papers concerning asymptotic (main) properties of the optimal growth processes in Neumann-Gale-Leontief’s stationary economies, the geometric image of a turnpike is expressed by a single ray, called von Neumann’s ray. Even though neither the postulate of stationariness nor unambigiousness of a production turnpike are consistent with the observations of real economic processes, the list of papers devoted to the effect of a multilane turnpike in Neumann-Gale-Leontief’s non-stationary economies (with changing technology and multiple lanes) is much more modest. These works include mainly papers by Panek (2017, 2018), where the author replaces a single production turn-pike in Gale’s non-stationary economy with a multilane turnpike. This paper draws directly upon the author’s earlier work (Panek, 2019), where two turnpike theorems were presented. Both of them were based on the assumption signifi-cantly weakened by this paper – that in Gale’s non-stationary economy the optimal pro-duction structure in period ݐ remains optimal also in the future.
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