Shiftable versus non-shiftable capital: a synthesis
ML Weitzman - Econometrica: Journal of the Econometric Society, 1971 - JSTOR
Econometrica: Journal of the Econometric Society, 1971•JSTOR
Non-transferable capital is an essential feature of the Fel'dman two-sector growth model.
This paper is primarily an answer to the following question. Given that capital is really
partially shiftable between its two sectors, when can the Fel'dman model be meaningfully
used?
This paper is primarily an answer to the following question. Given that capital is really
partially shiftable between its two sectors, when can the Fel'dman model be meaningfully
used?
Non-transferable capital is an essential feature of the Fel'dman two-sector growth model. This paper is primarily an answer to the following question. Given that capital is really partially shiftable between its two sectors, when can the Fel'dman model be meaningfully used?
JSTOR