Approximation by finite horizons of the undiscounted one-sector growth model

In this paper I give a method for finding long-run-average policies in the undiscounted economic growth problem using approximations by finite horizons. Required hypothesis is the strong interiority of T-horizon solutions.

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Year of publication:	1999-08-24
Authors:	Maldonado, Wilfredo Leiva
Published in:	Economic Theory. - Springer. - Vol. 14.1999, 2, p. 473-478
Publisher:	Springer
Subject:	Dynamic programming

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: March 25, 1996; revised version: July 29, 1997
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005753215