Abstract
The article investigates a modified model of economic growth--the "Rost" model. The growth dynamics is described by a nonlinear ordinary differential equation. The problem contains the parameter ? ? (0, 1). The case ? = 1/2 has been studied previously. The problem is solved by the Pontryagin maximum principle and by an alternative approach based on a special representation of the optimand functional and analysis of the functional-independent attainability set. The efficiency of various numerical methods to find the singular regime is analyzed.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
