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Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model

BOUCEKKINE, Raouf; RUIZ-TAMARIT, Ramon - Center for Operations Research and Econometrics (CORE), … - 2004

The special functions are intensively used in mathematical physics to solve differential systems. We argue that their use should be most useful in economic dynamics, notably in the assessment of the transition dynamics of endogenous growth models. We illustrate our argument on the Lucas-Uzawa...

Persistent link: https://www.econbiz.de/10005008230

Bridging the gap between growth theory and the new economic geography: the spatial Ramsey model

BOUCEKKINE, Raouf; CAMACHO, Carmen; ZOU, Benteng - Center for Operations Research and Econometrics (CORE), … - 2006

We study a Ramsey problem in infinite and continuous time and space. The problem is discounted both temporally and spatially. Capital flows to locations with higher marginal return. We show that the problem amounts to optimal control of parabolic partial differential equations (PDEs). We rely on...

Persistent link: https://www.econbiz.de/10005008325

Optimal control in infinite horizon problems: A Sobolev space approach

LE VAN, Cuong; BOUCEKKINE, Raouf; SAGLAM, Cagri - Center for Operations Research and Econometrics (CORE), … - 2004

In this paper, we make use of the Sobolev space W exp.1,1 (R+, R exp.n) to derive at once the Pontryagin conditions for the standard optimal growth model in continuous time, including a necessary and sufficient transversality condition. An application to the Ramsey model is given. We use an...

Persistent link: https://www.econbiz.de/10005043219

Adaptive model-predictive climate policies in a multi-country setting

BRECHET, Thierry; CAMACHO, Carmen; VELIOV, Vladimir M. - Center for Operations Research and Econometrics (CORE), … - 2012

developed as a benchmark case. The concept of MPNE is then enhanced with adaptive learning about the environmental dynamics and …

Persistent link: https://www.econbiz.de/10010662674

Technology adoption under embodiment: a two-stage optimal control approach

BOUCEKKINE, RAOUF; SAGLAM, Cagri; VALLÉE, Thomas - Center for Operations Research and Econometrics (CORE), … - 2003

solve a benchmark problem without learning behavior. At the date of switching, the consumption level is shown to drop, as … induced growth advantage. In a second step, we introduce learning. The learning curve involves fixed costs and incentives to … wait as well. Adoption is shown to depend on the growth advantage of switching net of obsolescence and learning fixed costs …

Persistent link: https://www.econbiz.de/10005043528

Product and process innovation and the decision to export : firm-level evidence for Belgium

VAN BEVEREN, Ilke; VANDENBUSSCHE, Hylke - Center for Operations Research and Econometrics (CORE), … - 2009

Using data from the Community Innovation Survey for Belgium in two consecutive periods, this paper explores the relationship between firm-level innovation activities and the propensity to start exporting. To measure innovation, we include indicators of both innovative effort (R&D activities) as...

Persistent link: https://www.econbiz.de/10008550190

Modeling of environmental adaptation versus pollution mitigation

YATSENKO, Yuri; HRITONENKO, Natali; BRECHET, Thierry - Center for Operations Research and Econometrics (CORE), … - 2014

The paper combines analytic and numeric tools to investigate a nonlinear optimal control problem relevant to the economics of climate change. The problem describes optimal investments into pollution mitigation and environmental adaptation at a macroeconomic level. The steady-state analysis of...

Persistent link: https://www.econbiz.de/10010927707

Environmental negotiations as dynamic games: Why so selfish?

BOUCEKKINE, RAOUF; KRAWCZYK, Jacek B.; VALLEE, Thomas - Center for Operations Research and Econometrics (CORE), … - 2009

Persistent link: https://www.econbiz.de/10008550208

Model predictive control, the economy, and the issue of global warming

BRECHET, Thierry; CAMACHO, Carmen; VELIOV, Vladimir - Center for Operations Research and Econometrics (CORE), … - 2010

This study is motivated by the evidence of global warming, which is caused by human activity but affects the efficiency of the economy. We employ the integrated assessment Nordhaus DICE-2007 model [16]. Generally speaking, the framework is that of dynamic optimization of the discounted...

Persistent link: https://www.econbiz.de/10008550241

Modelling vintage structures with DDEs : principles and applications

BOUCEKKINE, RAOUF; de la CROIX, David; LICANDRO, Omar - Center for Operations Research and Econometrics (CORE), … - 2004

A comprehensive study of the linkages between demographic and economic variables should not only account for vintage specificity but also incorporate the relevant economic and demographic decisions in a complete optimal control set-up. Inthis paper, a methodological set-up allowing to reach...

Persistent link: https://www.econbiz.de/10005065379

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