The Ramsey model with AK technology and a bounded population growth rate
AbstractThis paper generalizes the Ramsey AK model by allowing the population growth rate to be variable over time subject only to be between prescribed upper and lower limits. Contrary to the standard AK setting, convergence can occur. Moreover, monotonicity as well as an asymptotic balanced growth path equilibrium may arise in the model.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Macroeconomics.
Volume (Year): 32 (2010)
Issue (Month): 4 (December)
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Web page: http://www.elsevier.com/locate/inca/622617
Ramsey AK model Bounded population growth rate;
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