Mehlum, Halvor - In: Contributions to Macroeconomics 5 (2005) 1, pp. 1267-1267
I show that in a Ramsey growth model, where the production function is of fixed proportions type and the utility function is CRRA, the saddle path is a closed form expression. The closed form expression greatly simplifies the analysis of how the labor productivity growth, the intertemporal rate...