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Sensitivity analysis of a discrete-time multisector growth model with uncertainty. (English) Zbl 0806.90015

A nonstationary, stochastic, discrete-time growth model for a multisectoral economy with infinite-dimensional commodity space and discounted future utilities is considered. The authors generalize the results of S.-I. Tatekuma [J. Math. Econ. 7, 193-208 (1980; Zbl 0436.90024)] and E. Flytzanis and the second author [J. Aust. Math. Soc., Ser. B 30, No. 4, 450-459 (1989; Zbl 0679.90013)] results obtained on the basis of a deterministic, continuous-time model. The existence of an optimal growth path is proved. The authors examine the dependence of the optimal solution on the data, namely the initial stock, the technology multifunctions and the utility functions.
Reviewer: E.Panek (Poznań)

MSC:

91B62 Economic growth models
91B66 Multisectoral models in economics
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