Optimal processes in a parametric optimal economic growth model

DOI10.11650/tjm/200203zbMath1460.91141OpenAlexW3005783624MaRDI QIDQ2663369

Nguyen Dong Yen, Jen-Chih Yao, Vu Thi Huong

Publication date: 16 April 2021

Published in: Taiwanese Journal of Mathematics (Search for Journal in Brave)

Full work available at URL: https://projecteuclid.org/euclid.twjm/1581735612

zbMATH Keywords

maximum principlestate constraintoptimal processfinite horizon optimal control problemoptimal economic growth model

Mathematics Subject Classification ID

Economic growth models (91B62) Existence theories for optimal control problems involving ordinary differential equations (49J15) Applications of functional analysis in optimization, convex analysis, mathematical programming, economics (46N10) Dynamical systems in optimization and economics (37N40) Economic dynamics (91B55)

Related Items (3)

Optimal economic growth problems with high values of total factor productivity ⋮ Optimal economic growth models with nonlinear utility functions ⋮ Analyzing a Maximum Principle for Finite Horizon State Constrained Problems via Parametric Examples. Part 2: Problems with Bilateral State Constraints

Cites Work

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• Study of an optimal control problem related to the Solow control model
• Optimal control in infinite horizon problems: A Sobolev space approach
• Public Finance in Models of Economic Growth
• Variational Analysis and Applications
• Analyzing a Maximum Principle for Finite Horizon State Constrained Problems via Parametric Examples. Part 1: Problems with Unilateral State Constraints

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