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Fifty Years of Mathematical Growth Theory: Classical Topics and New Trends

Author

Listed:
  • Emmanuelle Augeraud Veron

    (BSE - Bordeaux Sciences Economiques - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique)

  • Raouf Boucekkine

    (ESC [Rennes] - ESC Rennes School of Business)

  • Fausto Gozzi

    (LUISS - Libera Università Internazionale degli Studi Sociali Guido Carli [Roma])

  • Alain Venditti

    (AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Beteng Zou
Abstract
We present an overview of selected contributions of the Journal of Mathematical Economics' authors to growth theory in the last half century. We start with the classical optimal growth theory within a benchmark multisector model and outline the successive developments in the analysis of this model, including the turnpike theory. Different refinements of the benchmark are considered along the way. We then survey the abundant literature on endogenous fluctuations in two-sector models. We conclude with two strong trends in the recent growth literature: green growth and infinite-dimensional growth models.

Suggested Citation

  • Emmanuelle Augeraud Veron & Raouf Boucekkine & Fausto Gozzi & Alain Venditti & Beteng Zou, 2024. "Fifty Years of Mathematical Growth Theory: Classical Topics and New Trends," Post-Print hal-04542665, HAL.
    • Handle: RePEc:hal:journl:hal-04542665
    DOI: 10.1016/j.jmateco.2024.102966
    Note: View the original document on HAL open archive server: https://hal.science/hal-04542665v1
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    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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