CORDIS Archive : Training and Mobility of Researchers / Contract Nr : FMBICT950058

Host Laboratory	Scientific Supervisor
The Victoria University of Manchester Faculty of Social and Economic Studies DOVER STREET M13 9PL Manchester United Kingdom	MR. Keith Blackburn Tel : 044/1612754869 / Fax : 044/1612754812
	Grant Holder
	Giam Pietro Cipriani (Italian) Tel : 39/458960062 / Fax :
Abstract The aim of this research is to investigate the effects of optimal economic policy on rates of economic growth. The framework is that of a general equilibrium model of endogenous growth, in which the rate of growth depends on preferences, technology and government policies. In this context optimal economic policies can play an important role in promoting growth. In the recent literature on applied optimal control theory the private sector is considered to be forward-looking. We propose to follow the analytical approach and use the mathematical tools of optimal control theory in the context of the conflicting behaviour which characterises the theory of games and to apply it in order to study the political economy of-growth. Instead, much of the conventional literature on endogenous growth does not follow this optimisation approach, but provides only ordinary simulations, thus not providing the best outcome given the preferences in the economic system. Contract number : FMBICT950058 Duration : 24 Months from 01-02-96 -- Category 20 (B20)

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