The numerical projections in certain classes of planning models are sometimes distorted due to truncation of the time horizon. Attempts to overcome this problem have led to various algebraic specifications of terminal conditions, which require that either a given level of capital stock be accumulated at the end of the planning period or that a specific post terminal growth rate be postulated. A static model is presented, which makes the terminal conditions...
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INFORMATION
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1977/01/01
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Document de travail départemental
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DRD23
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1
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1
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2010/07/01
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Disclosed
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A multisectoral model with endogenous terminal conditions
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consumption
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