BSU bulletin. Mathematics, Informatics
, OPTIMAL CONTROL APPROACH TO THE SOLOW GROWTH THEORY // BSU bulletin. Mathematics, Informatics. - 2017. №2. . - С. 71-75.
OPTIMAL CONTROL APPROACH TO THE SOLOW GROWTH THEORY
We formulate the classical growth theory model as an optimal control problem. The obtained problem has constraints imposed on trajectory as well as control. Also we show that the Solow growth model is a particular case of the proposed model.
growth theory; optimal control; trajectory; Lagrange method.
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