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dc.contributor.advisorBaşçı, Erdemen_US
dc.contributor.authorVoyvoda, Ebruen_US
dc.date.accessioned2016-01-08T20:15:12Z
dc.date.available2016-01-08T20:15:12Z
dc.date.issued1998
dc.identifier.urihttp://hdl.handle.net/11693/17988
dc.descriptionAnkara : The Department of Economics and the Institute of Economics and Social Sciences of Bilkent Univ., 1998.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 1998.en_US
dc.descriptionIncludes bibliographical refences.en_US
dc.description.abstractThis thesis conducts a study on growth theory by analyzing how the results of the current optimal growth theory change when households are assumed to have bliss points in their consumption sets. For this purpose a discrete-time, one-sector, stochastic model of endogenous growth, adopting constant returns to scale technology and quadratic utility function, is constructed. The solution of the model through “value function iteration” shows the existence of qualitatively different equilibria, depending on the initial state of the economy. This result demonstrates that it is possible to combine “poverty traps” and “sustained growth” into a common analytical framework.en_US
dc.description.statementofresponsibilityVoyvoda, Ebruen_US
dc.format.extentviii, 52 leaves, graphicsen_US
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectOptimal growthen_US
dc.subjectsustained growthen_US
dc.subjectpoverty trapsen_US
dc.subjectvalue function iterationen_US
dc.subjectblissen_US
dc.subject.lccHD75.5 .V69 1998en_US
dc.subject.lcshEconomic development--Mathematical models.en_US
dc.subject.lcshMathematical optimization.en_US
dc.subject.lcshValues.en_US
dc.subject.lcshSustainable development.en_US
dc.titleBliss and growth: optimal policies under uncertaintyen_US
dc.typeThesisen_US
dc.departmentDepartment of Economicsen_US
dc.publisherBilkent Universityen_US
dc.description.degreeM.S.en_US


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