Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

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Volume 3 Number 2 pp. 31-40

Piotr Ma&#263,kowiak

Pozna&#
3

2

4
; University of Economics, Poland

Sensitivity of optimal paths with respect to horizon length in a nonstationary multisector growth model

Abstract: In the paper we present some results on convergence properties of optimal programs of growth in a multisector growth model context. There is no need for convexity or monotonicity of production mappings though we impose continuity in product topology on intertemporal social utility function. We show that if final stock is sustainable then sensitivity and continuity of optimal growth paths hold - both in investment and consumption. We apply our results to a simple multisector Leontief growth model with consumption and discounted utility. (original abstract)
pub/2003_2_31.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume3/issue2/2003_2_31.pdf
Keywords: Growth model, Sensitivity analysis, Business continuity, Economic models, Modele wzrostu, Analiza wrażliwości, Ciągłość biznesowa, Modele ekonomiczne

For citation:

MLA Ma&#kowiak, Piotr. "Sensitivity of optimal paths with respect to horizon length in a nonstationary multisector growth model." Economics and Business Review EBR 3.2 (): 31-40.
APA , (). Sensitivity of optimal paths with respect to horizon length in a nonstationary multisector growth model. Economics and Business Review EBR 3(2), 31-40
ISO 690 MA&#KOWIAK, Piotr. Sensitivity of optimal paths with respect to horizon length in a nonstationary multisector growth model. Economics and Business Review EBR, , 3.2: 31-40.