On a closed-form solution to the stochastic Lucas–Uzawa model
Author
Abstract
Suggested Citation
DOI: 10.1007/s00712-012-0295-3
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Boucekkine Raouf & Ruiz Tamarit Ramon, 2004.
"Imbalance Effects in the Lucas Model: an Analytical Exploration,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 4(1), pages 1-19, December.
- Raouf, BOUCEKKINE & Ramon, RUIZ-TAMARIT, 2004. "Imbalance effects in the Lucas model : An analytical exploration," LIDAM Discussion Papers IRES 2004005, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- BOUCEKKINE, Raouf & RUIZ-TAMARIT, Ramon, 2004. "Imbalance effects in the Lucas model: an analytical exploration," LIDAM Discussion Papers CORE 2004008, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- BOUCEKKINE, Raouf & RUIZ TAMARIT, Ramon, 2004. "Imbalance effects in the Lucas model: an analytical exploration," LIDAM Reprints CORE 1755, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Chang,Fwu-Ranq, 2009.
"Stochastic Optimization in Continuous Time,"
Cambridge Books,
Cambridge University Press, number 9780521541947, September.
- Chang,Fwu-Ranq, 2004. "Stochastic Optimization in Continuous Time," Cambridge Books, Cambridge University Press, number 9780521834063, September.
- Xie Danyang, 1994.
"Divergence in Economic Performance: Transitional Dynamics with Multiple Equilibria,"
Journal of Economic Theory, Elsevier, vol. 63(1), pages 97-112, June.
- Danyang Xie, 2002. "Divergence in Economic Performance: Transitional Dynamics with Multiple Equilibria," GE, Growth, Math methods 0210002, University Library of Munich, Germany.
- Smith William T, 2007. "Inspecting the Mechanism Exactly: A Closed-form Solution to a Stochastic Growth Model," The B.E. Journal of Macroeconomics, De Gruyter, vol. 7(1), pages 1-33, August.
- Boucekkine, R. & Ruiz-Tamarit, J.R., 2008.
"Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model,"
Journal of Mathematical Economics, Elsevier, vol. 44(1), pages 33-54, January.
- BOUCEKKINE, Raouf & RUIZ-TAMARIT, Ramon, 2004. "Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model," LIDAM Discussion Papers CORE 2004084, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Raouf, BOUCEKKINE & José R. , RUIZ-TAMARIT, 2004. "Special functions for the study of economic dynamics : The case of the Lucas-Uzawa model," LIDAM Discussion Papers IRES 2004026, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- BOUCEKKINE, Raouf & RUIZ-TAMARIT, José Ramon, 2009. "Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model," LIDAM Reprints CORE 2003, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- repec:cor:louvrp:-1755 is not listed on IDEAS
- A. Bucci & C. Colapinto & M. Forster & D. La Torre, 2011. "Stochastic technology shocks in an extended Uzawa–Lucas model: closed-form solution and long-run dynamics," Journal of Economics, Springer, vol. 103(1), pages 83-99, May.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Liao, Zhong-Wei & Shao, Jinghai, 2024. "Stability and mean growth rate of stochastic Solow model driven by jump–diffusion process," Journal of Mathematical Economics, Elsevier, vol. 111(C).
- Tsuboi, Mizuki, 2019. "Resource scarcity, technological progress, and stochastic growth," Economic Modelling, Elsevier, vol. 81(C), pages 73-88.
- Tsuboi, Mizuki, 2020. "Growth, R&D, and uncertainty," Economic Modelling, Elsevier, vol. 87(C), pages 394-400.
- Simone Marsiglio & Davide La Torre, 2012. "A note on demographic shocks in a multi-sector growth model," Economics Bulletin, AccessEcon, vol. 32(3), pages 2293-2299.
- Tsuboi, Mizuki, 2019. "Consumption, welfare, and stochastic population dynamics when technology shocks are (Un)tied," Economic Modelling, Elsevier, vol. 79(C), pages 74-85.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Tsuboi, Mizuki, 2019. "Resource scarcity, technological progress, and stochastic growth," Economic Modelling, Elsevier, vol. 81(C), pages 73-88.
- Robert Feicht & Wolfgang Stummer, 2010. "Complete Closed-form Solution to a Stochastic Growth Model and Corresponding Speed of Economic Recovery preliminary," DEGIT Conference Papers c015_041, DEGIT, Dynamics, Economic Growth, and International Trade.
- Tsuboi, Mizuki, 2019. "Consumption, welfare, and stochastic population dynamics when technology shocks are (Un)tied," Economic Modelling, Elsevier, vol. 79(C), pages 74-85.
- Mizuki Tsuboi, 2018. "Stochastic accumulation of human capital and welfare in the Uzawa–Lucas model: an analytical characterization," Journal of Economics, Springer, vol. 125(3), pages 239-261, November.
- Alberto Bucci & Simone Marsiglio, 2019.
"Financial development and economic growth: long‐run equilibrium and transitional dynamics,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 66(3), pages 331-359, July.
- Alberto BUCCI & Simone MARSIGLIO, 2016. "Financial Development and Economic Growth: Long Run Equilibrium and Transitional Dynamics," Departmental Working Papers 2016-16, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Constantin Chilarescu, 2018. "The effect of externality on the transitional dynamics: the case of Lucas model," Economics Bulletin, AccessEcon, vol. 32767(3).
- Raouf Boucekkine & Bity Diene & Theophile Azomahou, 2008.
"Growth Economics of Epidemics: A Review of the Theory,"
Mathematical Population Studies, Taylor & Francis Journals, vol. 15(1), pages 1-26.
- Raouf Boucekkine & Bity Diene & Théophile Azomahou, 2008. "Growth Economics of Epidemics : A Review of the Theory," Post-Print hal-00278976, HAL.
- BOUCEKKINE, Raouf & DIENE, Bity & AZOMAHOU, Théophile, 2009. "Growth economics of epidemics: A review of the theory," LIDAM Reprints CORE 2004, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Bosi, Stefano & Camacho, Carmen & Ha-Huy, Thai, 2023.
"Balanced growth and degrowth with human capital,"
Economics Letters, Elsevier, vol. 232(C).
- Bosi, Stefano & Camacho, Carmen & Ha-Huy, Thai, 2023. "Balanced growth and degrowth with human capital," MPRA Paper 118320, University Library of Munich, Germany.
- Stefano Bosi & Carmen Camacho & Thai Ha-Huy, 2023. "Balanced growth and degrowth with human capital," Post-Print halshs-04353236, HAL.
- Stefano Bosi & Carmen Camacho & Thai Ha-Huy, 2023. "Balanced growth and degrowth with human capital," PSE-Ecole d'économie de Paris (Postprint) halshs-04353236, HAL.
- A. Bucci & C. Colapinto & M. Forster & D. La Torre, 2011. "Stochastic technology shocks in an extended Uzawa–Lucas model: closed-form solution and long-run dynamics," Journal of Economics, Springer, vol. 103(1), pages 83-99, May.
- Posch, Olaf, 2009.
"Structural estimation of jump-diffusion processes in macroeconomics,"
Journal of Econometrics, Elsevier, vol. 153(2), pages 196-210, December.
- Olaf Posch, 2007. "Structural estimation of jump-diffusion processes in macroeconomics," CREATES Research Papers 2007-23, Department of Economics and Business Economics, Aarhus University.
- Posch, Olaf, 2011.
"Explaining output volatility: The case of taxation,"
Journal of Public Economics, Elsevier, vol. 95(11), pages 1589-1606.
- Olaf Posch, 2006. "Explaining Output Volatility: the Case of Taxation," Quantitative Macroeconomics Working Papers 20608, Hamburg University, Department of Economics.
- Olaf Posch, 2009. "Explaining Output Volatility: The Case of Taxation," CESifo Working Paper Series 2751, CESifo.
- Olaf Posch, 2008. "Explaining output volatility: The case of taxation," CREATES Research Papers 2008-04, Department of Economics and Business Economics, Aarhus University.
- Hiraguchi, Ryoji, 2009. "A solution to the Lucas-Uzawa model with increasing returns to scale: Note," Economic Modelling, Elsevier, vol. 26(5), pages 831-834, September.
- Chilarescu, Constantin, 2011. "On the existence and uniqueness of solution to the Lucas–Uzawa model," Economic Modelling, Elsevier, vol. 28(1), pages 109-117.
- Ruiz-Tamarit, José Ramón, 2008.
"The closed-form solution for a family of four-dimension nonlinear MHDS,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(3), pages 1000-1014, March.
- José Ramón Ruiz-Tamarit, "undated". "The Closed-Form Solution for a Family of Four-Dimension Non-Linear MHDS," Working Papers 2002-18, FEDEA.
- Tsuboi, Mizuki, 2020. "Growth, R&D, and uncertainty," Economic Modelling, Elsevier, vol. 87(C), pages 394-400.
- José Ramón Ruiz Tamarit & Manuel Sánchez Moreno, 2006. "Optimal Regulation And Growth In A Natural-Resource-Based Economy," Working Papers. Serie AD 2006-21, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Brito, Paulo & Venditti, Alain, 2010.
"Local and global indeterminacy in two-sector models of endogenous growth,"
Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 893-911, September.
- Paulo Brito & Alain Venditti, 2009. "Local and global indeterminacy in two-sector models of endogenous growth," Working Papers halshs-00408018, HAL.
- Dirk Bethmann & Markus Reiß, 2012. "Simplifying numerical analyses of Hamilton–Jacobi–Bellman equations," Journal of Economics, Springer, vol. 107(2), pages 101-128, October.
- Chilarescu, Constantin, 2009. "A closed-form solution to the transitional dynamics of the Lucas-Uzawa model," Economic Modelling, Elsevier, vol. 26(1), pages 135-138, January.
- Marsiglio, Simone & La Torre, Davide, 2012. "Population dynamics and utilitarian criteria in the Lucas–Uzawa Model," Economic Modelling, Elsevier, vol. 29(4), pages 1197-1204.
More about this item
Keywords
Endogenous growth; Closed-form solution; Value function; Brownian motion; E5;All these keywords.
JEL classification:
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jeczfn:v:108:y:2013:i:2:p:131-144. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.