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The Ramsey model with AK technology and a bounded population growth rate

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  • Guerrini, Luca

Abstract

This paper generalizes the Ramsey AK model by allowing the population growth rate to be variable over time subject only to be between prescribed upper and lower limits. Contrary to the standard AK setting, convergence can occur. Moreover, monotonicity as well as an asymptotic balanced growth path equilibrium may arise in the model.

Suggested Citation

  • Guerrini, Luca, 2010. "The Ramsey model with AK technology and a bounded population growth rate," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1178-1183, December.
    • Handle: RePEc:eee:jmacro:v:32:y:2010:i:4:p:1178-1183
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    References listed on IDEAS

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    1. Guerrini, Luca, 2010. "Transitional dynamics in the Ramsey model with AK technology and logistic population change," Economics Letters, Elsevier, vol. 109(1), pages 17-19, October.
    2. Tramontana, Fabio & Sushko, Iryna & Avrutin, Viktor, 2015. "Period adding structure in a 2D discontinuous model of economic growth," Applied Mathematics and Computation, Elsevier, vol. 253(C), pages 262-273.
    3. Ruiz-Tamarit, J.R. & Ventura-Marco, M., 2011. "Solution to nonlinear MHDS arising from optimal growth problems," Mathematical Social Sciences, Elsevier, vol. 61(2), pages 86-96, March.
    4. Fabio Tramontana & Viktor Avrutin, 2014. "Complex endogenous dynamics in a one-sector growth model with differential savings," DEM Working Papers Series 078, University of Pavia, Department of Economics and Management.
    5. Kajanovičová, Viktória & Novotný, Branislav & Pospíšil, Michal, 2020. "Ramsey model with non-constant population growth," Mathematical Social Sciences, Elsevier, vol. 104(C), pages 40-46.
    6. Guerrini, Luca, 2010. "A closed-form solution to the Ramsey model with logistic population growth," Economic Modelling, Elsevier, vol. 27(5), pages 1178-1182, September.

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