A multidimensional, nonconvex model of optimal growth - Archive ouverte HAL
Pré-Publication, Document De Travail Année : 2023

A multidimensional, nonconvex model of optimal growth

Résumé

Using the concept of net gain of investment, we study a multidimensional economy and we prove the convergence to its set of steady states. Our approach differs from a standard dynamic programming based on convexity or super-modularity. We find that preferences are key to shape the economy in the long run.
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Dates et versions

hal-04148135 , version 1 (02-07-2023)
hal-04148135 , version 2 (02-10-2023)
hal-04148135 , version 3 (07-10-2023)

Identifiants

  • HAL Id : hal-04148135 , version 1

Citer

Stefano Bosi, Thai Ha-Huy. A multidimensional, nonconvex model of optimal growth. 2023. ⟨hal-04148135v1⟩
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