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 simpliÞes the analysis of how the parameters of the utility function affects investments and growth.

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Year of publication:	2002
Authors:	Mehlum, Halvor
Publisher:	Oslo : University of Oslo, Department of Economics
Subject:	Optimales Wachstum \| Theorie \| Ramsey \| growth \| model

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Series:	Memorandum ; 2002,26
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	354827138 [GVK] hdl:10419/63210 [Handle]
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; O41 - One, Two, and Multisector Growth Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10010284492