Linearization and higher-order approximations: How good are they? Results from an endogeneous growth model with public capital

DOI10.1007/s10614-010-9234-yzbMath1213.91107OpenAlexW3124257226MaRDI QIDQ540661

Manoj Atolia, Bassam Awad, Milton H. Marquis

Publication date: 3 June 2011

Published in: Computational Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10614-010-9234-y

zbMATH Keywords

linearizationendogenous growthwelfarehigher-order approximationspublic and human capital

Mathematics Subject Classification ID

Economic growth models (91B62) Economic dynamics (91B55)

Cites Work

• How misleading is linearization? Evaluating the dynamics of the neoclassical growth model
• Infrastructure, alternative government finance and stochastic endogenous growth
• Alternative government financing and aggregate fluctuations driven by self-fulfilling expectations
• Reverse shooting made easy: Automating the search for the global nonlinear saddle path
• Comparing accuracy of second-order approximation and dynamic programming
• Time to Build and Aggregate Fluctuations
• Public Finance in Models of Economic Growth
• Dynamic Analysis of an Endogenous Growth Model with Public Capital
• Optimum Technical Change in An Aggregative Model of Economic Growth
• Long-run growth and welfare effects of public policies with distortionary taxation
• Solution of perfect foresight saddlepoint problems: a simple method and applications.

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