Existence and local indeterminacy of periodic equilibrium paths in infinite horizon models with external effects

Existence and sensitivity analysis of op

Existence and sensitivity analysis of optimal paths in an economic growth model with infinite planning horizon

✍ Nikolaos S. Papageorgiou 📂 Article 📅 1992 🏛 Elsevier Science 🌐 English ⚖ 633 KB

## 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