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About the ideal economic situation - the growth of capital and the function of consumption in some models of economic growth
A. I. Kozko, L. M. Luzhina, A. Yu. Popov, V. G. Chirskii Lomonosov Moscow State University (Moscow)
Abstract:
The article is devoted to the Ramsey — Kass — Koopmans economic growth model. We investigated the monotonicity of the functions $C(t)$ and $K(t)$ under a special initial condition. Our results are obtained using an auxiliary system of differential equations, which is similar to the original system of differential equations arising in the case of constancy of the stationary rate of savings.
Keywords:
mathematical model, Ramsey — Kass — Koopmans problem, monotony of the function of saving and capital, competitive households, stationary savings rate.
Received: 10.04.2023 Accepted: 14.06.2023
Citation:
A. I. Kozko, L. M. Luzhina, A. Yu. Popov, V. G. Chirskii, “About the ideal economic situation - the growth of capital and the function of consumption in some models of economic growth”, Chebyshevskii Sb., 24:2 (2023), 256–265
Linking options:
https://www.mathnet.ru/eng/cheb1318 https://www.mathnet.ru/eng/cheb/v24/i2/p256
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Abstract page: | 75 | Full-text PDF : | 23 | References: | 8 |
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