Transitional dynamics in the Ramsey model with AK technology and logistic population change

Luca Guerrini ()

Economics Letters, 2010, vol. 109, issue 1, 17-19

Abstract: This paper shows that convergence can occur even for AK models if the population growth model is logistic. Moreover, the model is solved analytically, with the capital path expressed in closed-form in terms of Gauss hypergeometric functions.

Keywords: Ramsey; AK; model; Logistic; population; Hypergeometric; functions (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:109:y:2010:i:1:p:17-19

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