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A closed form solution to the transitional dynamics of a modified Ramsey model

Author

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  • FERRARA, Massimiliano

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

  • GUERRINI, Luca

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

Abstract

In this paper we derive a closed form solution for the Ramsey model with a bounded population growth rate and a Benthamite felicity function, for the case where capital's share is equal to the reciprocal of the intertemporal elasticity of substitution.

Suggested Citation

  • FERRARA, Massimiliano & GUERRINI, Luca, 2009. "A closed form solution to the transitional dynamics of a modified Ramsey model," Papers 2009/6, Osterreichish-Rumanischer Akademischer Verein.
    • Handle: RePEc:ris:sphedp:2009_006
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    Cited by:

    1. 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.

    More about this item

    Keywords

    Ramsey; closed form solution; bounded population growth rate;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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