A closed form solution to the transitional dynamics of a modified Ramsey model
AbstractIn this paper we derive a closed form solution for the Ramsey model with a bounded population growth rate and a Benthamite felicity function, for the case where capital's share is equal to the reciprocal of the intertemporal elasticity of substitution.
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Bibliographic InfoPaper provided by Osterreichish-Rumanischer Akademischer Verein in its series Papers with number 2009/6.
Length: 8 pages
Date of creation: 01 Jun 2009
Date of revision:
Ramsey; closed form solution; bounded population growth rate;
Find related papers by JEL classification:
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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