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

Massimiliano Ferrara () and Luca Guerrini ()

No 2009/6, Papers from Osterreichish-Rumanischer Akademischer Verein

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.

Keywords: Ramsey; closed form solution; bounded population growth rate (search for similar items in EconPapers)
JEL-codes: O41 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2009-06-01
New Economics Papers: this item is included in nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2009_006

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