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At Last! An Explicit Solution for the Ramsey Saddle Path

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Forfattere:

Mehlum, Halvor

År:

2002

Referanse:

Memorandum
Nummer i serie: 26

Summary

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.

Nøkkelord:

Ramsey growth model

JEL:

D91O41

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