Hiraguchi, Ryoji - In: Journal of Economics 108 (2013) 2, pp. 131-144
Bucci et al. (J Econ 103:83–99, <CitationRef CitationID="CR3">2011</CitationRef>) argue that under two parametric restrictions, there exists a closed-form solution path to the two-sector endogenous growth model of Lucas–Uzawa. However, they assume that the value function is a function of both the current and the initial values of the...</citationref>