Global asymptotic stability results for multisector models of optional growth under uncertainty when future utilities are discounted

DOI10.1016/0022-0531(78)90080-7zbMath0414.90022OpenAlexW2042736314MaRDI QIDQ599673

Sumit K. Garg

Publication date: 1978

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(78)90080-7

zbMATH Keywords

global asymptotic stabilityturnpike theoremdynamic macroeconomi modelmultisector modelsoptimal economic growth under uncertaintystochastic steady state

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items

Optimal growth in a stochastic environment: Some sensitivity and turnpike results ⋮ A qualitative approach to Markovian equilibrium on optimal growth under uncertainty ⋮ Stochastic turnpike property and stationary equilibrium ⋮ Global asymptotic stability results for multisector models of optional growth under uncertainty when future utilities are discounted ⋮ Turnpike theorems for Markov games ⋮ Stochastic growth, conservation of capital and convergence to a positive steady state ⋮ Comparative statics in dynamic stochastic models. Differential analysis of a stochastic modified golden rule state in a Banach space ⋮ Capital accumulation and the optimization of renewable resource models ⋮ Stochastic optimal growth with risky labor supply ⋮ A note on the stochastic value loss assumption ⋮ Martingale analysis of dynamic tax incidence in a nonstationary growth model ⋮ Recursive utility, martingales, and the asymptotic behaviour of optimal processes ⋮ The stochastic turnpike property without uniformity in convex aggregate growth models ⋮ Global asymptotic stability of optimal control systems with applications to the theory of economic growth ⋮ Stationary cardinal utility and optimal growth under uncertainty ⋮ Stochastic optimal growth with unbounded shock

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Global asymptotic stability results for multisector models of optional growth under uncertainty when future utilities are discounted
• Global asymptotic stability of optimal control systems with applications to the theory of economic growth
• The structure and stability of competitive dynamical systems
• Characterization by prices of optimal programs under uncertainty
• Markov processes and learning models
• The Nature of Stochastic Equilibria
• Turnpike Theory
• On Competitive Prices in a Multi-Sector Economy with Stochastic Production and Resources
• Discounted Dynamic Programming
• Negative Dynamic Programming
• Convergence of Baire measures
• On Optimal Development in a Multi-Sectoral Economy: the Discounted Case