Sensitivity analysis in a class of dynamic optimization models

Sensitivity analysis in a class of dynamic optimization models

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Article ID: iaor2002930
Country: Spain
Volume: 6
Issue: 1
Start Page Number: 97
End Page Number: 122
Publication Date: Jan 1998
Journal: TOP
Authors: , ,
Abstract:

A general model of dynamic optimization, deterministic, in discrete time, and with infinite time horizon is considered. We assume that there are parameters in the formulation of the model. Conditions for stability of the optimal solution are studied. 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.

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