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Optimum allocation of investments in a two — Region economy

  • B. Nicoletti
  • F. Pezzella
  • G. Raiconi
Associated Software Problems
Part of the Lecture Notes in Computer Science book series (LNCS, volume 40)

Abstract

In this paper an economy has been modeled with a two-sector. Macro Economic model where one sector, disaggregated in two regions, produces goods which are destined to be either invested or consumed, while the other sector, considered globally for the entire nation, produces goods which can only be used as social consumptions. The policy variable is the allocation of investments between sectors and regions.

A criterion of social welfare has been defined and the resulting optimal control problem is risolved.

Keywords

Optimal Control Problem Optimal Policy Capital Stock Optimal Trajectory Social Consumption 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. 1 Deistler,M., and Oberhofer,W. "Macroeconomic Systems", Proceedings 1972 IFAC 5th World Congress, Paris, June 1972, Survey Paper.Google Scholar
  2. 2 Rahman,M.D. "Regional Allocation of Investments", Quartely Journal of Economics, Vol.77, Feb. 1963Google Scholar
  3. 3 Intriligator, M.S. "Regional Allocation of Investments", Quarterly Journal of Economics, Vol.78, Nov. 1964Google Scholar
  4. 4 Takayama, A. "Regional Allocation of Investments: A Further Analysis", Quarterly Journal of Economics, Vol.81, May 1967Google Scholar
  5. 5 Pontryagin, L., and Gamkrelidze "The Mathematical Theory of Optimal Processes", J.Wiley and sons, (Interscience Publishers), New York, 1962Google Scholar
  6. 6 Haurie,A., Polis,M.P., and Yansouni,P. "On Optimal Convergence to a Steady-State-Zero-Growth Economy with Pollution and Consumption Control", Proceedings 1973 IFAC/IFORS International Conference on Dynamic Modelling and Control of National Economies, Warwick, Great Britain, July 1973Google Scholar

Copyright information

© Springer-Verlag 1976

Authors and Affiliations

  • B. Nicoletti
    • 1
  • F. Pezzella
    • 1
  • G. Raiconi
    • 1
  1. 1.Dipartimento di SistemiUniversità di CosenzaCosenzaItaly

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