A modified version of Solow-Ramsey model using Richard's growth function
AbstractWe investigate the consequences of introducing Richard's Growth function as a production function in Solow-Swan and Ramsey models. Poverty traps appear in a natural manner.
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Bibliographic InfoArticle provided by Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia. in its journal EconoQuantum, Revista de Economia y Negocios.
Volume (Year): 6 (2009)
Issue (Month): 1 (Julio - Diciembre)
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Find related papers by JEL classification:
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
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