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Global dynamics and imbalance effects in the Lucas-Uzawa model: further results

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Author Info

  • BOUCEKKINE, Raouf

    (Université catholique de Louvain (UCL). Center for Operations Research and Econometrics (CORE))

  • MARTINEZ, Blanca
  • RUIZ-TAMARIT, Jose R.

Abstract

In this paper we use a new analytical approach to the Lucas-Uzawa model (Boucekkine and Ruiz Tamarit, 2007) to extend the existing results on the dynamics, and notably on the imbalance effects arising in the model. The approach does not only allow to extend the traditional analysis to any initial conditions and for all variables in level, but it also permits a more general investigation of imbalance effects.

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File URL: http://www.uclouvain.be/cps/ucl/doc/core/documents/coredp2007_25.pdf
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Bibliographic Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2007025.

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Date of creation: 01 Mar 2007
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Handle: RePEc:cor:louvco:2007025

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Related research

Keywords: Lucas-Uzawa; hypergeometric functions; imbalance effects; global dynamics;

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References

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  1. Boucekkine, R. & Ruiz-Tamarit, J.R., 2008. "Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model," Journal of Mathematical Economics, Elsevier, vol. 44(1), pages 33-54, January.
  2. Mulligan, Casey B & Sala-i-Martin, Xavier, 1993. "Transitional Dynamics in Two-Sector Models of Endogenous Growth," The Quarterly Journal of Economics, MIT Press, vol. 108(3), pages 739-73, August.
  3. Benhabib Jess & Perli Roberto, 1994. "Uniqueness and Indeterminacy: On the Dynamics of Endogenous Growth," Journal of Economic Theory, Elsevier, vol. 63(1), pages 113-142, June.
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Cited by:
  1. BENCHEKROUN, Hassan & WITHAGEN, Cees, 2008. "Global Dynamics in a Growth Model with an Exhaustible Resource," Cahiers de recherche 11-2008, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  2. Roy Cerqueti & Raffaella Coppier & Gustavo Piga, 2011. "Corruption, Growth and Ethnic Fractionalization: a Theoretical Model," CEIS Research Paper 216, Tor Vergata University, CEIS, revised 08 Nov 2011.

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