Dynamic optimality principles and sensitivity analysis in models of economic growth
โ Scribed by A.M. Tarasyev; C. Watanabe
- Publisher
- Elsevier Science
- Year
- 2001
- Tongue
- English
- Weight
- 485 KB
- Volume
- 47
- Category
- Article
- ISSN
- 0362-546X
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## Abetract-ln this paper, we examine a model of optimal economic growth with infhrite continuous time plannin g horizon, convex technology and an aggregate discounted utility. First, we establish the existence of optimal capital accumulation paths, and then we study their variations as well as th
In this paper we investigate the relationship between the time delay for building investment goods and cycles under the conditions of general equilibrium. We introduce a delay parameter in the spirit of Kalecki into the simplest class of models of growth theory. They encompass a wide range of models