On uniqueness of a steady state and convergence of optimal paths in multisector models of optimal growth with a discount rate
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Publication:1158337
DOI10.1016/0022-0531(81)90051-XzbMath0472.90016MaRDI QIDQ1158337
Publication date: 1981
Published in: Journal of Economic Theory (Search for Journal in Brave)
asymptotic stabilitysteady stateoptimal economic growthmultisector modelsnon-separable utility functionconvergence of optimal pathsderived Hamiltonian functionsglobal curvature conditionspositive discount ratesufficient uniqueness conditions
Related Items (4)
Strong concavity properties of indirect utility functions in multisector optimal growth models ⋮ Local stability in endogenous growth models ⋮ A turnpike theorem for continuous-time optimal-control models ⋮ On the optimality and stability of competitive paths in continuous time growth models
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