Local stability in endogenous growth models

DOI10.1002/oca.697zbMath1070.91502OpenAlexW1932470202MaRDI QIDQ5317820

María Pilar Martínez-García

Publication date: 21 September 2005

Published in: Optimal Control Applications and Methods (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1002/oca.697

zbMATH Keywords

local stabilitytransversality conditionsbalanced pathmultisectorial endogenous growth models

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Microeconomic theory (price theory and economic markets) (91B24) Other game-theoretic models (91A40)

Cites Work

• The trade-off between environmental care and long-term growth --- pollution in three prototype growth models
• On uniqueness of a steady state and convergence of optimal paths in multisector models of optimal growth with a discount rate
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• Global asymptotic stability of optimal control systems with applications to the theory of economic growth
• The structure and stability of competitive dynamical systems
• Some new results on the local stability of the process of capital accumulation
• On the optimality and stability of competitive paths in continuous time growth models
• Staggered price setting with endogenous frequency of adjustment
• Economic growth, pollution, and renewable resources
• A general two-sector model of endogenous growth with human and physical capital: Balanced growth and transitional dynamics
• Optimal pricing in a dynamic duopoly game model
• A Model of Growth Through Creative Destruction
• The General Instability of a Class of Competitive Growth Processes

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