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

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Author Info
BOUCEKKINE, Raouf (UniversitŽ catholique de Louvain (UCL). Center for Operations Research and Econometrics (CORE))
MARTINEZ, Blanca
RUIZ-TAMARIT, Jose R.

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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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Publisher 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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Find related papers by JEL classification:
E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
C60 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - General

References listed on IDEAS
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  1. 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. [Downloadable!] (restricted)
  2. Casey B. Mulligan & Xavier Sala-i-Martin, 1992. "Transitional Dynamics in Two-Sector Models of Endogenous Growth," NBER Working Papers 3986, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Raouf, BOUCEKKINE & JosŽ R. , RUIZ-TAMARIT, 2004. "Special functions for the study of economic dynamics : The case of the Lucas-Uzawa model," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2004026, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
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