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Optimum Population Growth with CIES Preference in the Infinite- Horizon Ramsey Model

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  • Ralph Z. Wang

    (College of Economics, Zhejiang University)

Abstract

When the preference over intertemporal consumptions is of CIES type and human capital enters the production function in a secific way, we show that the optimum population growth rate is exactly the subjective discount rate in an infinite-horizon Ramsey Model.

Suggested Citation

  • Ralph Z. Wang, 2005. "Optimum Population Growth with CIES Preference in the Infinite- Horizon Ramsey Model," Labor and Demography 0507007, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpla:0507007
    Note: Type of Document - pdf; pages: 7
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    References listed on IDEAS

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    More about this item

    Keywords

    Population growth; CIES function; Ramsey Model;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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