|
This article is cited in 1 scientific paper (total in 1 paper)
BRIEF MESSAGE
Restrictions on the values of the consumption function in the Ramsey — Kass — Koopmans economic growth model in the case of a stationary saving function
A. I. Kozkoabc, L. M. Luzhinaba, A. Yu. Popovab, V. G. Chirskiiba a Lomonosov Moscow State University (Moscow)
b Russian Presidential
Academy of National Economy and Public Administration (Moscow)
c Moscow Center of Fundamental and Applied Mathematics (Moscow)
Abstract:
We study the dependence of the functions of capital (resource) and consumption in the Ramsey–Kass–Koopmans economic model in the case when saving is an identical constant. The system of differential equations describing the evolution of the economic model under consideration is solved in quadratures under the assumptions made. Upper estimates of the consumption function are found based on the obtained solution.
Keywords:
mathematical model, Ramsey–Kass–Koopmans problem, competitive households, function of capital, consumption.
Citation:
A. I. Kozko, L. M. Luzhina, A. Yu. Popov, V. G. Chirskii, “Restrictions on the values of the consumption function in the Ramsey — Kass — Koopmans economic growth model in the case of a stationary saving function”, Chebyshevskii Sb., 22:2 (2021), 501–509
Linking options:
https://www.mathnet.ru/eng/cheb1049 https://www.mathnet.ru/eng/cheb/v22/i2/p501
|
Statistics & downloads: |
Abstract page: | 149 | Full-text PDF : | 46 | References: | 11 |
|