The effect of externality on the transitional dynamics: the case of Lucas model

被引：0
|
作者：
Chilarescu, Constantin [1 ]
机构：
[1] Univ Lille, Lille, France
来源：
ECONOMICS BULLETIN | 2018年 / 38卷 / 03期
关键词：
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The main aim of this paper was to provide a closed-form solution to the model of Lucas with externalities and to prove that this solution is unique. The method we proposed enables us to determine the unknown starting values of the control variables and to obtain the optimal trajectories of all variables of the system.
引用
收藏
页码：1685 / 1702
页数：19
相关论文
共 50 条
  • [21] Note on global dynamics and imbalance effects in the Lucas-Uzawa model
    Boucekkine, Raouf
    Martinez, Blanca
    Ruiz-Tamarit, Jose Ramon
    INTERNATIONAL JOURNAL OF ECONOMIC THEORY, 2008, 4 (04) : 503 - 518
  • [22] An externality evaluation model for hydropower projects: A case study of the Three Gorges Project
    Zheng, Tengfei
    Qiang, Maoshan
    Chen, Wenchao
    Xia, Bingqing
    Wang, Jianing
    ENERGY, 2016, 108 : 74 - 85
  • [23] Human capital externality and chaotic equilibrium dynamics
    Chen, Hung-Ju
    Li, Ming-Chia
    MATHEMATICAL AND COMPUTER MODELLING OF DYNAMICAL SYSTEMS, 2008, 14 (06) : 571 - 586
  • [24] EXTERNALITY MIX - CASE OF TERMINOLOGICAL VARIABILITY
    DAVIS, JR
    NEEDY, CW
    PUBLIC FINANCE QUARTERLY, 1977, 5 (04): : 439 - 444
  • [25] Interest group dynamics in a weak and transitional state: the case of Bolivia
    Biggemann, Sergio
    Klimovich, Kristina
    Thomas, Clive S.
    JOURNAL OF PUBLIC AFFAIRS, 2014, 14 (3-4) : 254 - 282
  • [26] Anticipated Environmental Policy and Transitional Dynamics in an Endogenous Growth Model
    Jhy-hwa Chen
    Ching-chong Lai
    Jhy-yuan Shieh
    Environmental and Resource Economics, 2003, 25 : 233 - 254
  • [27] Hybrid model of bioresourses' dynamics: Equilibrium, cycle, and transitional chaos
    Perevaryukha A.Y.
    Automatic Control and Computer Sciences, 2011, 45 (4) : 223 - 232
  • [28] Seeds of growth? Agricultural productivity and the transitional dynamics of the Ramsey model
    Irz, X
    Roe, T
    EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS, 2005, 32 (02) : 143 - 165
  • [29] Anticipated environmental policy and transitional dynamics in an endogenous growth model
    Chen, JH
    Lai, CC
    Shieh, JY
    ENVIRONMENTAL & RESOURCE ECONOMICS, 2003, 25 (02): : 233 - 254
  • [30] The Transitional Dynamics of an Endogenous Growth Model: Generalizing Production Functions
    Gomez, Manuel A.
    Sequeira, Tiago Neves
    STUDIES IN NONLINEAR DYNAMICS AND ECONOMETRICS, 2012, 16 (05):
12345