Closed-Form Solution for a Two-Sector Endogenous Growth Model with two Controls

J. Aznar-Marquez and José Ruiz-Tamarit
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J. Aznar-Marquez: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) and Universitat de Valencia (Spain)

No 2002030, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: In this paper we show a method for solving in closed form a particular family of four-dimension non-linear modified Hamiltonian dynamic systems, with two states and two co-states and two co-states, which arises from a two-sector endogenous growth model where the physical capital stock is combined with a renewable natural capital stock as essential inputs for production

Keywords: Non-Linear Dynamic System; Analytical Solution; Endogenous Growth; Transitional Dynamics (search for similar items in EconPapers)
JEL-codes: C61 C62 O41 (search for similar items in EconPapers)
Pages: 21
Date: 2002-06-01
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2002030

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