Optimal growth in a two-sector economy facing an expected random shock

DOI10.1134/S0081543812020022zbMath1308.91109OpenAlexW2019290158MaRDI QIDQ742000

S.-E. Ollus, K. O. Besov, S. M. Aseev, Tapio Palokangas

Publication date: 17 September 2014

Published in: Proceedings of the Steklov Institute of Mathematics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1134/s0081543812020022

zbMATH Keywords

optimal controlPontryagin's maximum principleclimate changegrowth modelstechnological change

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Multisectoral models in economics (91B66) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Economic dynamics (91B55)

Related Items (1)

On necessary optimality conditions for infinite-horizon economic growth problems with locally unbounded instantaneous utility function

Cites Work

• The Pontryagin maximum principle and problems of optimal economic growth
• Capital accumulation and innovation as complementary factors in long-run growth
• The economic determinants of technology shocks in a real business cycle model
• Optimal control with singular regions
• Unnamed Item

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