Demonstration of Neoclassic Growth Model in Dynamic Economics, deterministic model, using both discrete optimization and interpolation method. Utility function and production function defined seperately. Generate plot to show the Policy function and Value function generated by optimization procedure.
User can change risk aversion, elasticiy and many other parameter to fit their need. Grid sizes is adjustable. Method with interpolation uses Spline function.
Download apps, toolboxes, and other File Exchange content using Add-On Explorer in MATLAB.