The Ramsey model with AK technology and a bounded population growth rate

Luca Guerrini ()

Journal of Macroeconomics, 2010, vol. 32, issue 4, 1178-1183

Abstract: This paper generalizes the Ramsey AK model by allowing the population growth rate to be variable over time subject only to be between prescribed upper and lower limits. Contrary to the standard AK setting, convergence can occur. Moreover, monotonicity as well as an asymptotic balanced growth path equilibrium may arise in the model.

Keywords: Ramsey; AK; model; Bounded; population; growth; rate (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:32:y:2010:i:4:p:1178-1183

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