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Sensitivity analysis in a class of dynamic optimization models

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Antón, Jesús and Cerdá Tena, Emilio and Huergo, Elena (1997) Sensitivity analysis in a class of dynamic optimization models. [ Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE); nº 13, 1997, ]

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Official URL: http://eprints.ucm.es/28392/


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Abstract

A general model of dynamic optimization, deterministic, in discrete time, and with infinite time horizon is considered. We suppose that there are parameters in the formulation of the model. Conditions for stability of the optimal solution are studied. Local analysis of steady state comparative statics and comparative dynamics are presented. In addition we apply these results to a quadratic case and to an economic example: a one sector growth model.

Resumen (otros idiomas)

Se considera un modelo general de optimización dinámica, determinístico, formulado en tiempo discreto y con horizonte temporal infinito. Se supone que existen diferentes parámetros en la formulación del modelo. Se estudian condiciones de estabilidad para la solución óptima. Se presentan análisis locales de estática y dinámica comparativa. Se aplican los resultados al caso cuadrático y a un ejemplo económico: un modelo de crecimiento unisectorial.

Item Type:Working Paper or Technical Report
Uncontrolled Keywords:Dynamic optimization; Sensitivity analysis; Economic growth.
Subjects:Sciences > Mathematics > Mathematical analysis
Series Name:Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE)
Volume:1997
Number:13
ID Code:28392
Deposited On:17 Feb 2015 18:19
Last Modified:13 Sep 2016 08:18

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