Skip to main content
Vai all'homepage della Commissione europea (si apre in una nuova finestra)
italiano it
CORDIS - Risultati della ricerca dell’UE
CORDIS
Contenuto archiviato il 2024-05-07

Applications of optimal control theory in a model of endogenous growth

Obiettivo



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.

Campo scientifico (EuroSciVoc)

Programma(i)

Argomento(i)

Invito a presentare proposte

Dati non disponibili

Meccanismo di finanziamento

RGI - Research grants (individual fellowships)

Coordinatore

The Victoria University of Manchester
Contributo UE
Nessun dato
Indirizzo

M13 9PL Manchester
Regno Unito
Costo totale
Nessun dato

Partecipanti (1)