Optimal control of economic growth with application to Korean economy

DOI10.1080/00207728208926418zbMath0489.90031OpenAlexW2020619652MaRDI QIDQ3951881

Sung Joo Park

Publication date: 1982

Published in: International Journal of Systems Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/00207728208926418

zbMATH Keywords

economic growthoptimal trajectoriesnumerical procedurePontryagin's maximum principlefinite planning horizonKorean economyoptimal economic controlnon-linear simultaneous differential equationsCobb- Douglas production functionclosed two sector economic growth modeldual growth

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• Evaluation of intersectoral investment allocation in India, 1951-1970; An application of stochastic optimal control by pseudo-inverse
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