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

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  • Rauf, BOUCEKKINE

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Department of Economics)

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

Abstract

In this paper we use a new analytical approach to the Lucas-Uzawa model (Boucekkine and Ruiz-Tamarit, 2007) to extend the existinc 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 for all variables in level, but it also permits a more general investigation of imbalance effects

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File URL: http://sites.uclouvain.be/econ/DP/IRES/2007-18.pdf
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Bibliographic Info

Paper provided by Université catholique de Louvain, Département des Sciences Economiques in its series Discussion Papers (ECON - Département des Sciences Economiques) with number 2007018.

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Length: 18
Date of creation: 01 Jul 2007
Date of revision:
Handle: RePEc:ctl:louvec:2007018

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

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  1. 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.
  2. 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.
  3. BOUCEKKINE, Raouf & RUIZ-TAMARIT, Ramon, 2004. "Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model," CORE Discussion Papers 2004084, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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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, 2012. "Corruption, growth and ethnic fractionalization: a theoretical model," Journal of Economics, Springer, vol. 106(2), pages 153-181, June.

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