Resolving singularities in a Ramsey-type growth model

被引：0
|
作者：
Dumont, Y [1 ]
Goeleven, D
Poutineau, JC
Rochdi, M
机构：
[1] Univ La Reunion, IREMIA, St Denis, Reunion, France
[2] Univ La Reunion, CERESUR, St Denis, Reunion, France
来源：
JOURNAL OF GLOBAL OPTIMIZATION | 2000年 / 17卷 / 1-4期
关键词：
equilibrium problems in macroeconomics; Ramsey-type growth model; singular recursive systems;
D O I：
10.1023/A:1026542507848
中图分类号：
C93 [管理学]; O22 [运筹学];
学科分类号：
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要：
The aim of this paper is to discuss a mathematical solution procedure to solve a Ramsay-type growth model that explains the fundamentals of consumption and capital accumulation in a dynamic equilibrium setting. The problem is formulated as a system of recursive equations and studied through some numerical experiments for the time path of the different variables of the model under some alternative assumption for the steady-state equilibrium of the labour market conditioning the possible singularity of the model.
引用
收藏
页码：77 / 95
页数：19
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