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 simplifies the analysis of how the parameters of the utility function affects investments and growth.
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Bibliographic InfoPaper provided by EconWPA in its series GE, Growth, Math methods with number 0210005.
Length: 6 pages
Date of creation: 08 Oct 2002
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Note: Type of Document - pdf; prepared on latex; pages: 6
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Ramsey growth model;
Other versions of this item:
- Mehlum, Halvor, 2003. "At Last! An Explicit Solution for the Ramsey Saddle Path," Memorandum 26/2002, Oslo University, Department of Economics.
- 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
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- Robert J. Barro & Paul M. Romer, 1991.
National Bureau of Economic Research, Inc, number barr91-1.
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