On the existence and uniqueness of solution to the Lucas–Uzawa model

Constantin Chilarescu

Economic Modelling, 2011, vol. 28, issue 1, 109-117

Abstract: In this paper we define the concept of admissible solution and then provide closed-form solutions for all variables of the model along the transitional dynamics path. We present numerical simulations and compare our results with those obtained through the methods developed by Boucekkine and Ruiz-Tamarit and, Barro and Sala-I-Martin.

Keywords: Endogenous growth model; Hamiltonian function; Uniqueness of solution (search for similar items in EconPapers)
JEL-codes: C61 C62 O41 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:28:y:2011:i:1:p:109-117

DOI: 10.1016/j.econmod.2010.09.019

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