At Last! An Explicit Solution for the Ramsey Saddle Path

I 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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Year of publication:	2002-10-08
Authors:	Mehlum, Halvor
Institutions:	EconWPA
Subject:	Ramsey growth model

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Extent:	application/pdf
Series:	GE, Growth, Math methods.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; prepared on latex; pages: 6 6 pages
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005408252