| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1134/S0081543812020022 |
| Optimal growth in a two-sector economy facing an expected random shock. | |
| Aseev SM; Besov KO; Ollus S-E; Palokangas T | |
| 发表日期 | 2012 |
| 出处 | Proceedings of the Steklov Institute of Mathematics : 4-34 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We develop an optimal growth model of an open economy that uses both an old ("dirty" or "polluting") technology and a new ("clean") technology simultaneously. A planner costs in the dirty sector. Assuming that the probability of an exogenous environmental shock is distributed according to the exponential law, we use Pontryagin's maximum principle to find the optimal investment and consumption policies for the economy. |
| 主题 | Advanced Systems Analysis (ASA) |
| 关键词 | Dynamic optimization Optimal control Pontryagin's maximum principle Endogenous growth Climate change Random shock Government policy Technological development |
| URL | http://pure.iiasa.ac.at/id/eprint/9973/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/129558 |
| 推荐引用方式 GB/T 7714 | Aseev SM,Besov KO,Ollus S-E,et al. Optimal growth in a two-sector economy facing an expected random shock.. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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