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Asymptotics of Equilibrium Paths in an Endogenous Growth Model with Concave Consumption Function

Author

Listed:
  • Vera Kipyatkova

Abstract

An AK-model of economic growth is considered based upon a supposition that there are several agents in an economy, which have initially different wealth. Saving rate of each agent depends on her wealth. Main attention is given to asymptotic behavior of equilibrium paths. (In Russian).

Suggested Citation

  • Vera Kipyatkova, 2008. "Asymptotics of Equilibrium Paths in an Endogenous Growth Model with Concave Consumption Function," EUSP Department of Economics Working Paper Series 2008/03, European University at St. Petersburg, Department of Economics, revised Dec 2008.
    • Handle: RePEc:eus:wpaper:ec2008_03
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    File URL: https://eusp.org/sites/default/files/archive/ec_dep/wp/ec-03_08.pdf
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    More about this item

    Keywords

    endogenous growth; mathematical model; equilibrium; consumption;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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