金曜日, 9月 14, 2018

Ramsey–Cass–Koopmans model 1965

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Ramsey–Cass–Koopmans model 1965

Ramsey–Cass–Koopmans model 1965


Phase space graph (or phase diagram) of the Ramsey model. The blue line represents the dynamic adjustment (or saddle) path of the economy in which all the constraints present in the model are satisfied. It is a stable path of the dynamic system. The red lines represent dynamic paths which are ruled out by the transversality condition.


  1.  Ramsey, Frank P. (1928). "A Mathematical Theory of Saving". Economic Journal38(152): 543–559. JSTOR 2224098.
  2. ^ Cass, David (1965). "Optimum Growth in an Aggregative Model of Capital Accumulation". Review of Economic Studies32 (3): 233–240. JSTOR 2295827.
  3. ^ Koopmans, T. C. (1965). "On the Concept of Optimal Economic Growth". The Economic Approach to Development Planning. Chicago: Rand McNally. pp. 225–287.

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