Threshold dynamics in one-sector optimal growth framework

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buir.advisorSağlam, Hasan Ç.
dc.contributor.authorTuran, Hamide Karahan
dc.date.accessioned2016-01-08T18:26:46Z
dc.date.available2016-01-08T18:26:46Z
dc.date.issued2014
dc.departmentDepartment of Economicsen_US
dc.descriptionAnkara : Department of Economics İhsan Doğramacı Bilkent University, 2014.en_US
dc.descriptionThesis (Ph. D.) -- Bilkent University, 2014.en_US
dc.descriptionIncludes bibliographical references leaves 71-75.en_US
dc.description.abstractThis thesis includes three self-contained essays on the threshold dynamics in onesector optimal growth models. In the Örst essay, we consider the preferences for wealth-habit in a one-sector optimal growth model. We show that the dynamics may encounter saddle-node bifurcations with respect to the parameters of the preferences. We analytically provide the monotone comparative statics and the continuity of the critical capital stock with respect to these parameters and the discount factor. In the second essay, we analyzed the joint dynamic implications of time-to-build lag in investment and non-convex technologies. We prove the existence of persistent cyclical dynamics even in one-sector optimal growth framework. Finally, in the third essay, considering time-to-build lag in non-classical optimal growth framework inducing threshold dynamics, we analyze the e§ects of an alternative information structure regarding the initial conditions on the equilibrium dynamics. In particular, we seek to understand the dependence of the cyclical dynamics on the information structure. In all essays, we also support the analytical solutions by numerical methods in order to better understand the underlying dynamics of the optimal path.en_US
dc.description.degreePh.D.en_US
dc.description.statementofresponsibilityTuran, Hamide Karahanen_US
dc.format.extentx, 75 leaves, chartsen_US
dc.identifier.urihttp://hdl.handle.net/11693/15924
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subject: Threshold dynamicsen_US
dc.subjectwealth-dependent preferencesen_US
dc.subjectnon-convex technologiesen_US
dc.subjecttime-to-builden_US
dc.subject.lccHD75.5 .T87 2014en_US
dc.subject.lcshEconomic development--Mathematical models.en_US
dc.subject.lcshEconomic development--Econometric models.en_US
dc.titleThreshold dynamics in one-sector optimal growth frameworken_US
dc.typeThesisen_US
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