Optimal military spending, trade and stochastic economic growth

DOI10.1007/s11424-015-4168-zzbMath1346.93403OpenAlexW2246827746MaRDI QIDQ328219

Yan Wang, Deng-Shan Wang

Publication date: 20 October 2016

Published in: Journal of Systems Science and Complexity (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11424-015-4168-z

zbMATH Keywords

tradewealth accumulationstochastic economic growthforeign bond holdingsmilitary spending

Mathematics Subject Classification ID

Economic growth models (91B62) Optimal stochastic control (93E20)

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Cites Work

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• Optimum consumption and portfolio rules in a continuous-time model
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• Perfect Equilibrium in a Model of Competitive Arms Accumulation
• Formulation of Richardson's Model of Arms Race from a Differential Game Viewpoint
• Macroeconomic Policies, Growth, and Welfare in a Stochastic Economy
• A Dynamic Model of an Armaments Race

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