Optimal growth under discounting in the two-sector Robinson–Solow–Srinivasan model: a dynamic programming approach†

DOI10.1080/10236190601069069MaRDI QIDQ3435947zbMATH OpenOpenAlexFDO

Authors M. Ali Khan, Tapan Mitra

Publication date 8 May 2007

Published in Journal of Difference Equations and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/10236190601069069

zbMATH Keywords

dynamic programmingvalue functionbifurcation analysisoptimal policy correspondencethreshold discount factor

Mathematics Subject Classification ID

Dynamic programming (90C39) Economic growth models (91B62) Multisectoral models in economics (91B66)

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Cites work

• scientific article; zbMATH DE number 3425889 (Why is no real title available?)
• Competitive equilibrium cycles
• Discounting and long-run behavior: Global bifurcation analysis of a family of dynamical systems
• Minimum impatience theorems for recursive economic models
• On optimal steady states of n-sector growth models when utility is discounted
• Optimality of Profit-Including Prices Under Ideal Planning
• Sources of complex dynamics in two-sector growth models
• Turnpike theory, discounted utility, and the von Neumann facet
• Undiscounted optimal growth in the two-sector Robinson-Solow-Srinivasan model: a synthesis of the value-loss approach and dynamic programming

Cited in

(19)

• Optimal growth in the Robinson-Shinkai-Leontief model: the case of capital-intensive consumption goods
• Optimal growth in the two-sector RSL model with capital-intensive consumption goods: a dynamic programming approach
• Long-run optimal behavior in a two-sector Robinson-Solow-Srinivasan model
• Discounted optimal growth in a two-sector RSS model: a further geometric investigation
• On existence of optimal programs: the RSS model without concavity assumptions on felicities
• On the non-existence of optimal programs in the Robinson-Solow-Srinivasan (RSS) model
• Growth in the Robinson-Solow-Srinivasan model: Undiscounted optimal policy with a strictly concave welfare function
• On optimal extinction in the matchbox two-sector model
• The random two-sector RSS model: on discounted optimal growth without Ramsey-Euler conditions
• Optimal Growth Models with Discounted Return
• scientific article; zbMATH DE number 5050013 (Why is no real title available?)
• Optimal Growth Without Discounting
• Impatience and dynamic optimal behavior: a bifurcation analysis of the Robinson-Solow-Srinivasan model
• The Leontief two-sector model and undiscounted optimal growth with irreversible investment: The case of labor-intensive consumption goods
• Discounting and long-run behavior: Global bifurcation analysis of a family of dynamical systems
• Complicated dynamics and parametric restrictions in the Robinson-Solow-Srinivasan (RSS) model
• Undiscounted optimal growth in the two-sector Robinson-Solow-Srinivasan model: a synthesis of the value-loss approach and dynamic programming
• Exact parametric restrictions for 3-cycles in the RSS model: a complete and comprehensive characterization
• Duality between discounted and undiscounted models of optimal growth for a class of utility functions

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