Goodwin on the optimal growth path for a developing economy
分析了古德温提出的发展中经济体最优转型路径问题:在有限但非固定的时间范围内,如何从拥有旧技术资本存量和隐性失业的状态,转变为全部劳动力在新资本存量上充分就业。
Richard Goodwin was a pioneer in formulating an optimal growth model for a developing economy with a finite, though not fixed, time horizon. The problem he analysed was as follows: what is the optimal path of traverse for a developing economy, which has a certain capital stock embodying an old technique (i.e. one with a lower labour productivity) and is saddled additionally with disguised unemployment, if it is to be transformed into one where the entire labour force (assumed to be growing at an exogenously given rate) is fully employed on capital stock embodying a new technique with a much higher labour productivity, but with the same capital–output ratio as the older stock?