Undiscounted optimal growth in the two-sector Robinson-Solow-Srinivasan model: a synthesis of the value-loss approach and dynamic programming

DOI10.1007/s00199-005-0023-0zbMath1148.91031OpenAlexW1967952139MaRDI QIDQ2509138

M. Ali Khan, Tapan Mitra

Publication date: 18 October 2006

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-005-0023-0

zbMATH Keywords

dynamic programminggolden ruletransition dynamicsoptimal policy functionvalue lossfull-employment programUndiscounted optimal program

Mathematics Subject Classification ID

Dynamic programming (90C39) Economic growth models (91B62)

Related Items (14)

On the non-existence of optimal programs in the Robinson-Solow-Srinivasan (RSS) model ⋮ Discounted optimal growth in a two-sector RSS model: a further geometric investigation ⋮ The concavity assumption on felicities and asymptotic dynamics in the RSS model ⋮ Exact parametric restrictions for 3-cycles in the RSS model: a complete and comprehensive characterization ⋮ On the leximin and utilitarian overtaking criteria with extended anonymity ⋮ Growth in the Robinson-Solow-Srinivasan model: Undiscounted optimal policy with a strictly concave welfare function ⋮ Impatience and dynamic optimal behavior: a bifurcation analysis of the Robinson-Solow-Srinivasan model ⋮ Complicated Dynamics and Parametric Restrictions in the Robinson-Solow-Srinivasan (RSS) Model ⋮ On the Mitra-Wan forestry model: a unified analysis ⋮ On locally optimal programs in the Robinson-Solow-Srinivasan model ⋮ Stability of a turnpike phenomenon for a discrete-time optimal control system ⋮ About optimal harvesting policies for a multiple species forest without discounting ⋮ Eventual periodicity in the two-sector RSL model: equilibrium vis-à-vis optimum growth ⋮ Optimal growth under discounting in the two-sector Robinson–Solow–Srinivasan model: a dynamic programming approach†

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