English, Article, Journal or magazine article edition: Numerical computation for initial value problems in economics Óscar Afonso; Paulo B. Vasconcelos

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Bookmark: http://trove.nla.gov.au/version/182661
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Numerical computation for initial value problems in economics
Author
  • Óscar Afonso
  • Paulo B. Vasconcelos
Physical Description
  • preprint
Notes
  • We summarise Runge-Kutta type methods for the solution of ordinary differential equations in models of economic dynamics. In this work we are going to present explicit Runge-Kutta type methods, a family of methods to solve numerically systems of ordinary differential equations, without the need to evaluate high-order derivatives. We apply this numerical approach to solve a dynamic, general equilibrium growth model of North-South technological-knowledge diffusion by imitation.
  • North-South; Technological Knowledge Diffusion; Convergence; Numerical Computations
  • RePEc:por:fepwps:202
Language
  • English
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