Accession Number:

AD0697478

Title:

TRANSPORTATION AND EFFICIENT GROWTH,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

Report Date:

1969-11-01

Pagination or Media Count:

139.0

Abstract:

The paper discusses efficient growth in a series of models that explicitly incorporate spatial separation and costly transportation. All of the models are based on linear technologies of von Neumann type. The technologies include production processes, in which inputs at one location produce outputs at the same location, and transportation processes, in which inputs at one location produce outputs at another location. Aspects of efficient behavior are explored in each of the models. For the most part, efficiency is defined as the attainment of maximal stocks of goods at the close of a finite planning period, a definition made familiar by the turnpike literature. The central results of the paper concern, for the various models, the way in which efficient frontiers evolve over time and the nature of efficient growth paths that lead to them. Author

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE