At Last! An Explicit Solution for the Ramsey Saddle Path

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.

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Year of publication:	2003-06-18
Authors:	Mehlum, Halvor
Institutions:	Økonomisk institutt, Universitetet i Oslo
Subject:	Ramsey \| growth \| model

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Extent:	application/pdf
Series:	Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Memorandum Number 26/2002 8 pages
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005652385