On discrete time infinite horizon optimal growth problem
DOI:
https://doi.org/10.11121/ijocta.01.2018.00464Keywords:
optimal growth, infinite horizon optimal control, dynamic programming, Lagrange multiplierAbstract
Optimal growth problem is an important optimization problem in the theory of economic dynamics. This paper provides an overview of the main approaches used in the existing literature in solving infinite horizon discrete time optimal growth problem and includes very recent developments.
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