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.
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页码：1685 / 1702
页数：19
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