Optimal Control of Infinite-Horizon Growth Models - A Direct Approach, FEP Working Paper, n. 506, 2013
We propose a framework to solve dynamic nonlinear infinite-horizon models like those found in the standard economic growth literature. We employ a direct method to solve the underlying optimal control problem, something novel in the economic literature. Instead of deriving the necessary optimality c...
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| Other Authors: | , |
| Format: | other |
| Language: | eng |
| Published: |
2013
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10216/70673 |
| Country: | Portugal |
| Oai: | oai:repositorio-aberto.up.pt:10216/70673 |