The closed-form solution for a family of four-dimension nonlinear MHDS

DOI10.1016/j.jedc.2007.03.008zbMath1181.91215OpenAlexW2084058443MaRDI QIDQ844626

José Ramón Ruiz-Tamarit

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://documentos.fedea.net/pubs/dt/2002/dt-2002-18.pdf

zbMATH Keywords

Hamiltonianclosed-form solutionnonlinearitytransitional dynamics

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Multisectoral models in economics (91B66) Economic growth models (91B62) Dynamical systems in optimization and economics (37N40)

Related Items (10)

A partial Lagrangian method for dynamical systems ⋮ The closed-form solutions for finance-extended Lucas-Uzawa model ⋮ Public spending in a model of endogenous growth with habit formation ⋮ Closed-form solutions for the Lucas-Uzawa growth model with logarithmic utility preferences via the partial Hamiltonian approach ⋮ Balanced growth and degrowth with human capital ⋮ Solution to nonlinear MHDS arising from optimal growth problems ⋮ Closed-form solutions of Lucas-Uzawa model with externalities via partial Hamiltonian approach ⋮ Numerical solution of dynamic equilibrium models under Poisson uncertainty ⋮ A partial Hamiltonian approach for current value Hamiltonian systems ⋮ A note on the closed-form solution to the Lucas-Uzawa model with externality

Cites Work

• Solution to nonlinear MHDS arising from optimal growth problems
• Divergence in economic performance: Transitional dynamics with multiple equilibria
• Uniqueness and indeterminacy: On the dynamics of endogenous growth

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