Optimal portfolio and consumption decisions in a stochastic environment with precommitment

Article Abstract:

A study determines the stochastic optimal consumption and portfolio selection when individuals use strategies over finite time intervals. The results show that portfolios following commitment strategies are held as a function of calculated risks and returns. Intertemporal consumption path is a function of the riskless rate of return, time preference and degree of risk aversion. In addition, the portfolios are dependent on the initial and calculated wealth, but are independent of the current wealth during the precommitment period. Risk also influences only the initial consumption level but not the consumption during the period.

Decision-making, Decision making, Risk assessment, Portfolio management

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The problem of population and growth: a review of the literature from Malthus to contemporary models of endogenous population and endogenous growth

Article Abstract:

The evolution of literature on the problem of population and growth from the classical to the most recent concerns two distinct issues. The first deals with the explanation of observed covariance of the levels and rates of growth. The second issue is on how to improve the human condition through social policy. The survey also shows basic themes, including the role of scarcity of resources and capital market imperfections. More research is recommended because majority of the studies on endogenous population and economic growth is mostly theoretical.

Demographic aspects, Economic development

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Sustained endogenous growth with decreasing returns and heterogenous capital

Article Abstract:

Numerous neoclassical sustainable growth models are fundamentally akin to the so-called old linear growth models when long-run analysis is concerned. Under the production sectors, optimal relative prices and input profiles are asymptotically distinct from the limits of intra- or intertemporal preferences such as the utility function. It is important to compel that the programs display continued unlimited growth.

Capital

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