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Smooth dynamics and computation in models of economic growth
Journal article   Peer reviewed

Smooth dynamics and computation in models of economic growth

Manuel S Santos
Journal of economic dynamics & control, Vol.18(3), pp.879-895
1994
DOI: https://doi.org/10.1016/0165-1889(94)90036-1

Abstract

Computation Dynamic programming Economic growth models Value and policy functions
In this paper we give an overview of the differentiability properties of the value and policy functions of dynamic programming. Based upon the differentiability analysis, we also derive approximation estimates for the value and policy functions of a discretized model amenable to the computation of optimal solutions.

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13 Times Cited - Web of Science

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Citation topics
6 Social Sciences
6.10 Economics
6.10.22 Monetary Policy
Web Of Science research areas
Economics
ESI research areas
Economics & Business

UN Sustainable Development Goals (SDGs)

This output has contributed to the advancement of the following goals:

#8 Decent Work and Economic Growth
#17 Partnerships for the Goals

Source: InCites

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