A simple characterisation for sustained growth
Résumé
This article considers an inter-temporal optimisation problem in a general form and gives conditions ensuring the convergence to infinity of the economy. These conditions can be easily verified and applied for a large class of problems in the literature. Some applications for different economies are given as illustrative examples.
Domaines
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A comme version hal-03493750 Article Thai Ha-Huy, Nhat Thien Tran. A simple characterisation for sustained growth. Journal of Mathematical Economics, 2020, 91, pp.141 - 147. ⟨10.1016/j.jmateco.2020.10.001⟩. ⟨hal-03493750⟩