At Last! An Explicit Solution for the Ramsey Saddle Path
AbstractI derive an explicit solution for the saddle path in a Ramsey growth model. The existence of a closed form expression greatly simpliÞes the analysis of how the parameters of the utility function affects investments and growth.
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Bibliographic InfoPaper provided by Oslo University, Department of Economics in its series Memorandum with number 26/2002.
Length: 8 pages
Date of creation: 18 Jun 2003
Date of revision:
Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
More information through EDIRC
Ramsey; growth; model;
Other versions of this item:
- Halvor Mehlum, 2002. "At Last! An Explicit Solution for the Ramsey Saddle Path," GE, Growth, Math methods 0210005, EconWPA.
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert J. Barro & Paul M. Romer, 1991.
National Bureau of Economic Research, Inc, number barr91-1.
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