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What is a good reduced-form representation of Ramsey-Cass-Koopmans. (RCK) model? Solow's model (despite non …-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK …
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