Boucekkine, Raouf; Juillard, Michel; Malgrange, Pierre - In: Computational Economics 10 (1997) 2, pp. 169-86
In this paper we investigate theoretically the numerical bias due to the truncation of structurally infinite time forward-looking models, by the means of various terminal conditions. On a general multivariate optimal growth model, we first analytically confirm some well-known heuristic...
