Explicit Transitional Dynamics in Growth Models

Danyang Xie

GE, Growth, Math methods from EconWPA

Abstract: Transitional dynamics in growth models have been subject to much attention recently. With a few exceptions, existing studies rely on computational techniques. This paper uses a set of examples to illustrate that qualitative insights on the transitional dynamics can be gained at the expense of using special utility-production pairs. In continuous time framework, necessary and sufficient conditions are established for a utility-production pair to yield explicit dynamics. These conditions are potentially useful for applications in other dynamic settings.

Keywords: Transitional Dynamics; Growth (search for similar items in EconPapers)
JEL-codes: O41 C61 E21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge
Date: 2002-08-21
Note: Type of Document - Acrobat PDF; prepared on PC; to print on HP; pages: 24; figures: none
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpge:0207003

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