Solution of perfect foresight saddlepoint problems: a simple method and applications
The zip-file contains the MATLAB 5.0 Code: ode45ext.m, a modified version of Matlab's ODE45.M R-K-algorithm to allow for backward integration, ramsey.m, the neoclassical growth model, and ramsdot.m, a function file containing the ODE for ramsey.m. ode45mod.m, A further modified version of ODE45.M, which allows to specify accuracy in approximation of the initial value (k0). ramsey2.m, the neoclassical growth model for Ode45mod, and ramsdot2.m, a function file containing the ODE for ramsey2.m. perli.m, the general two-sector growth model according to Benhabib and Perli (1994), and perlipol.m, function file containing the ODE for perli.m.
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References listed on IDEAS
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- Casey B. Mulligan & Xavier Sala-i-Martin, 1993. "Transitional Dynamics in Two-Sector Models of Endogenous Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 739-773.
- Lipton, David, et al, 1982. "Multiple Shooting in Rational Expectations Models [The Solution of Linear Difference Models under Rational Expectations]," Econometrica, Econometric Society, vol. 50(5), pages 1329-33, September.
- Judd, Kenneth L., 1992. "Projection methods for solving aggregate growth models," Journal of Economic Theory, Elsevier, vol. 58(2), pages 410-452, December.
- Benhabib Jess & Perli Roberto, 1994. "Uniqueness and Indeterminacy: On the Dynamics of Endogenous Growth," Journal of Economic Theory, Elsevier, vol. 63(1), pages 113-142, June.
- Mercenier, J. & Michel, P., 1991.
"A Criterion for Time Aggregation Intertemporal Dynamic Models,"
Cahiers de recherche
9108, Universite de Montreal, Departement de sciences economiques.
- Mercenier, J. & Michel, P., 1991. "A Criterion For Time Aggregation Intertemporal Dynamic Models," Cahiers de recherche 9108, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Mercenier, Jean & Michel, Philippe, 1994. "Discrete-Time Finite Horizon Appromixation of Infinite Horizon Optimization Problems with Steady-State Invariance," Econometrica, Econometric Society, vol. 62(3), pages 635-56, May.
- Casey B. Mulligan & Xavier Sala-i-Martin, 1991. "A Note on the Time-Elimination Method For Solving Recursive Dynamic Economic Models," NBER Technical Working Papers 0116, National Bureau of Economic Research, Inc.
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