Undiscounted optimal growth in the two-sector Robinson-Solow-Srinivasan model: a synthesis of the value-loss approach and dynamic programming
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- Dechert, W. Davis & Nishimura, Kazuo, 1983. "A complete characterization of optimal growth paths in an aggregated model with a non-concave production function," Journal of Economic Theory, Elsevier, vol. 31(2), pages 332-354, December.
- Mukul Majumdar & Manfred Nermuth, 1982. "Dynamic Optimization in Non-Convex Models with Irreversible Investment: Monotonicity and Turnpike Results (Now published in Zeitschrift für National-Ökonomie (Journal of National Economics), vol.42, N," STICERD - Theoretical Economics Paper Series 40, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Nishimura, Kazuo & Yano, Makoto, 1995. "Durable capital and chaos in competitive business cycles," Journal of Economic Behavior & Organization, Elsevier, vol. 27(2), pages 165-181, July.
- W. A. Brock, 1970. "On Existence of Weakly Maximal Programmes in a Multi-Sector Economy," Review of Economic Studies, Oxford University Press, vol. 37(2), pages 275-280.
- M. Ali Khan & Tapan Mitra, 2007. "Optimal Growth In A Two-Sector Rss Model Without Discounting: A Geometric Investigation," The Japanese Economic Review, Japanese Economic Association, vol. 58(2), pages 191-225.
- Lionel W. McKenzie, 2005. "Classical General Equilibrium Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633302, January.
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- Ali Khan, M. & Mitra, Tapan, 2008. "Growth in the Robinson-Solow-Srinivasan model: Undiscounted optimal policy with a strictly concave welfare function," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 707-732, July.
- Minako Fujio, 2009. "Optimal Transition Dynamics In The Leontief Two-Sector Growth Model With Durable Capital: The Case Of Capital Intensive Consumption Goods," The Japanese Economic Review, Japanese Economic Association, vol. 60(4), pages 490-511.
More about this item
KeywordsUndiscounted optimal program; Full-employment program; Golden rule; Value loss; Dynamic programming; Optimal policy function; Transition dynamics; C62; D90; O21;
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
- O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
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