@article{Emil Panek_2023, title={“Very strong” turnpike effect in a non-stationary Gale economy with investments, multilane turnpike and limit technology}, volume={9}, url={https://journals.ue.poznan.pl/ebr/article/view/891}, DOI={10.18559/ebr.2023.4.891}, abstractNote={<p>This article presents a multiproduct model of a non-stationary Gale-type economy&nbsp; with &nbsp;technology convergent to a certain limit technology, in which changes in the production technology&nbsp; (the dynamics of the Gale production spaces) are ruled by the size of investments. Thus, the considered model differs from the vast majority of the Gale-type models&nbsp; considered in the mathematical economy.&nbsp; With this assumption,&nbsp; the so-called “very strong” version of the multilane production turnpike theorem in the Gale economy with investments is proved. According to the theorem, if&nbsp; the optimal growth process in such an economy reaches the multilane turnpike, it remains on it from then on, except for, possibly the last period of the analysed economic horizon.</p>}, number={4}, journal={Economics and Business Review}, author={Emil Panek}, year={2023}, month={Dec.} }