How misleading is linearization? Evaluating the dynamics of the neoclassical growth model

DOI10.1016/J.JEDC.2010.06.013MaRDI QIDQ602848zbMATH OpenOpenAlexFDO

Authors Manoj Atolia, Santanu Chatterjee, Stephen J. Turnovsky

Publication date 5 November 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://coss.fsu.edu/econpapers/wpaper/wp2008_11_01.pdf

zbMATH Keywords

growthnonlinearitiespublic expenditurewelfare analysis

Mathematics Subject Classification ID

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

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Cites work

• A Contribution to the Empirics of Economic Growth
• Accuracy in Simulations
• Accuracy of Numerical Solutions Using the Euler Equation Residuals
• Algorithms and economic dynamics. Selected papers from the 2nd annual meeting of the Society for Computational Economics, Geneva, Switzerland, 1996
• Capital utilization, economic growth and convergence
• Comparing accuracy of second-order approximation and dynamic programming
• Comparing solution methods for dynamic equilibrium economies
• Convergence in a two-sector nonscale growth model
• Growth Empirics: A Panel Data Approach
• scientific article; zbMATH DE number 3727971 (Why is no real title available?)
• Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model.
• Projection methods for solving aggregate growth models
• Reopening the convergence debate: A new look at cross-country growth empirics.
• Reverse shooting made easy: Automating the search for the global nonlinear saddle path
• Smart forward shooting
• Solution of perfect foresight saddlepoint problems: a simple method and applications.

Cited in

(6)

• Calculating short-run adjustments: Sensitivity to non-linearities in a representative agent framework
• A note on the empirics of the neoclassical growth model
• Size and composition of public spending in a neoclassical growth model
• Growth and inequality: dependence on the time path of productivity increases (and other structural changes)
• Linearization and higher-order approximations: How good are they? Results from an endogeneous growth model with public capital
• Migrant network effect and economic development

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