کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
972715 932669 2011 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Solution to nonlinear MHDS arising from optimal growth problems
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Solution to nonlinear MHDS arising from optimal growth problems
چکیده انگلیسی
In this paper we propose a method for solving in closed form a general class of nonlinear modified Hamiltonian dynamic systems (MHDS). This method is used to analyze the intertemporal optimization problem from endogenous growth theory, especially the cases with two controls and one state variable. We use the exact solutions to study both uniqueness and indeterminacy of the optimal path when the dynamic system has not a well-defined isolated steady state. With this approach we avoid the linearization process, as well as the reduction of dimension technique usually applied when the dynamic system offers a continuum of steady states or no steady state at all.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Mathematical Social Sciences - Volume 61, Issue 2, March 2011, Pages 86-96
نویسندگان
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