72
Views
12
CrossRef citations to date
0
Altmetric
Original Articles

Optimal growth under discounting in the two-sector Robinson–Solow–Srinivasan model: a dynamic programming approachFootnote

&
Pages 151-168 | Received 24 Apr 2006, Accepted 05 Oct 2006, Published online: 07 Mar 2007

References

  • Benhabib , J. and Nishimura , K. 1985 . Competitive equilibrium cycles . Journal of Economic Theory , 35 : 284 – 306 .
  • Boldrin , M. and Deneckere , R. 1990 . Sources of complex dynamics in two-sector growth models . Journal of Economic Dynamics and Control , 14 : 627 – 653 .
  • Khan , M.A. 2005 . “ Intertemporal ethics, modern capital theory and the economics of sustainable forest management ” . In Economics, Sustainability, and Natural Resources: Economics of Sustainable Forest Management , Edited by: Kant , S. and Berry , R.A. 39 – 66 . New York : Springer .
  • Khan , M.A. and Mitra , T. 2005 . On choice of technique in the Robinson–Solow–Srinivasan model . International Journal of Economic Theory , 1 : 83 – 110 .
  • Khan , M.A. and Mitra , T. 2006 . Undiscounted optimal growth in the two-sector Robinson–Solow–Srinivasan model: a synthesis of the value-loss approach and dynamic programming . Economic Theory , 29 : 341 – 362 .
  • Le Van , C. and Dana , R.A. 2003 . Dynamic Programming in Economics , Dordrecht : Kluwer Academic Publishers .
  • McKenzie , L.W. 1983 . Turnpike theory discounted utility and the von Neumann facet . Journal of Economic Theory , 30 : 330 – 352 .
  • McKenzie , L.W. 1986 . “ Optimal economic growth, turnpike theorems and comparative dynamics ” . In Handbook of Mathematical Economics , Edited by: Arrow , K.J. and Intrilligator , M. Vol. 3 , 1281 – 1355 . New York : North-Holland .
  • Mitra , T. and Nishimura , K. 2001 . Discounting and long-run behavior: global bifurcation analysis of a family of dynamical systems . Journal of Economic Theory , 96 ( 2001 ) : 256 – 293 .
  • Nishimura , K. and Yano , M. 1995 . “ Non-linearity and business cycles in a two-sector equilibrium model: an example with Cobb-Douglas production functions ” . In Nonlinear and Convex Analysis in Economic Theory , Edited by: Maruyama , T. and Takahashi , W. Berlin : Springer-Verlag .
  • Roberts , A.W. and Varberg , D.E. 1973 . Convex Functions , New York : Academic Press .
  • Robinson , J. 1960 . Exercises in Economic Analysis , London : MacMillan .
  • Samuelson , P.A. 1973 . Optimality of profit-including prices under ideal planning . Proceedings of the National Academy of Sciences , 70 : 2109 – 2111 .
  • Scheinkman , J.A. 1976 . On optimal steady states of n-sector growth models when utility is discounted . Journal of Economic Theory , 12 : 11 – 20 .
  • Solow , R.M. 1962 . Substitution and fixed proportions in the theory of capital . Review of Economic Studies , 29 : 207 – 218 .
  • Sorger , G. 1992 . Minimum Impatience Theorems for Recursive Economic Models , Berlin : Springer-Verlag .
  • Srinivasan , T.N. 1962 . Investment criteria and choice of techniques of production . Yale Economic Essays , 1 : 58 – 115 .
  • Stiglitz , J.E. 1968 . A note on technical choice under full employment in a socialist economy . Economic Journal , 78 : 603 – 609 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.