Guerrini, Luca - In: Economic Modelling 27 (2010) 5, pp. 1178-1182
In this paper, we consider the Ramsey growth model with CIES utility function, Cobb-Douglas technology, and logistic-type population growth law. We show the model to have a unique non-trivial steady-state equilibrium (a saddle point) and prove the optimal path to be non-monotonic over time....