On the existence and uniqueness of solution to the Lucas–Uzawa model

In this paper we define the concept of admissible solution and then provide closed-form solutions for all variables of the model along the transitional dynamics path. We present numerical simulations and compare our results with those obtained through the methods developed by Boucekkine and Ruiz-Tamarit and, Barro and Sala-I-Martin.

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Year of publication:	2011
Authors:	Chilarescu, Constantin
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 28.2011, 1, p. 109-117
Publisher:	Elsevier
Subject:	Endogenous growth model \| Hamiltonian function \| Uniqueness of solution

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Type of publication:	Article
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C62 - Existence and Stability Conditions of Equilibrium ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010577097