Solution to an open question about optimal economic growth models

被引：0
|
作者：
Huong, Vu Thi [1 ]
Kaya, C. Yalcin [2 ]
Yen, Nguyen Dong [1 ]
机构：
[1] Vietnam Acad Sci & Technol, Inst Math, Hanoi, Vietnam
[2] Univ South Australia, UniSASTEM, Math, Mawson Lakes, Australia
来源：
APPLICABLE ANALYSIS | 2024年 / 103卷 / 07期
关键词：
Economic growth model; optimal control; maximum principle; bang-bang control; singular control; MAXIMUM PRINCIPLE;
D O I：
10.1080/00036811.2023.2236645
中图分类号：
O29 [应用数学];
学科分类号：
070104 ;
摘要：
We prove that if the total factor productivity A of an aggregative economy is right at the barrier s + ?, with s being the growth rate of labor force and ? the real interest rate, then the unique policy to optimally control the economy is the same as the one for optimally controlling weak economies, where A < s + ?. This result gives a complete answer for the interesting open question raised by Vu Thi Huong in her recent paper [Optimal eco-nomic growth problems with high values of total factor productivity. Appl Anal. 2022;101:1315-1329].
引用
收藏
页码：1215 / 1223
页数：9
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