The turnpike theorem in the model of production system with financial constraints

B. L. Dorin, A. A. Shananin


Abstract: The model of production system with financial constraints is constructed. The turnpike theorem for the solution of linear programming problem, is proved which describes behavior of the producers in this model. The proven theorem allows to consider balanced inflation growth and estimate rate of GDP growth.

Received: 10.01.2001

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