At Last! An Explicit Solution for the Ramsey Saddle Path

Halvor Mehlum

No 26/2002, Memorandum from Oslo University, Department of Economics

Abstract: I derive an explicit solution for the saddle path in a Ramsey growth model. The existence of a closed form expression greatly simpliÞes the analysis of how the parameters of the utility function affects investments and growth.

Keywords: Ramsey; growth; model (search for similar items in EconPapers)
JEL-codes: D91 O41 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2003-06-18
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