IJPAM: Volume 53, No. 4 (2009)

AN ANALYTICAL SOLUTION FOR A MODEL OF GROWTH

Luca Guerrini
Department of Mathematics for Economic and Social Sciences
University of Bologna
5, Viale Filopanti, Bologna, 40126, ITALY
e-mail: [email protected]


Abstract.In this paper we derive a closed-form solution for the Ramsey model with CRRA utility, technological diffusion and logistic population law, as defined by Ferrara and Guerrini $(2008)$, for the case where capital's share is equal to the reciprocal of the intertemporal elasticity of substitution.

Received: May 13, 2009

AMS Subject Classification: 91B62

Key Words and Phrases: closed form solution, Ramsey model, logistic population

Source: International Journal of Pure and Applied Mathematics
ISSN: 1311-8080
Year: 2009
Volume: 53
Issue: 4