Optimal dynamics in a two-sector model with natural resources and foreign direct investments

DOI10.1016/J.AMC.2015.09.015MaRDI QIDQ668484zbMATH OpenOpenAlexFDO

Authors Angelo Antoci, Paolo Russu, Stefania Ragni

Publication date 19 March 2019

Published in Applied Mathematics and Computation (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.amc.2015.09.015

zbMATH Keywords

optimal control problemsenvironmental Kuznets curveforeign direct investmentoptimal management of environmental resourcestwo-sector economic growth model

Mathematics Subject Classification ID

Optimality conditions for problems involving ordinary differential equations (49K15) Applications of optimal control and differential games (49N90) Multisectoral models in economics (91B66)

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Cites work

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• The stable, center-stable, center, center-unstable, unstable manifolds
• Turnpike phenomenon and infinite horizon optimal control
• Turnpike properties in the calculus of variations and optimal control

Cited in

(3)

• Linear production function, externalities and indeterminacy in a capital-resource growth model
• Economic dynamics with renewable resources and pollution
• Optimal environmental policy and the dynamic property in LDCs

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