A modified version of Solow-Ramsey model using Richard’s growth function
DOI:
https://doi.org/10.18381/eq.v6i1.99Resumen
We investigate the consequences of introducing Richard’s Growth function as a production function in Solow-Swan and Ramsey models. Poverty traps appear in a natural manner.Descargas
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Barro, Robert J., Sala-i-Martin Xavier (2004). Economic Growth, New York; Mc Graw Hill.
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Swan, T. W. (1956). “Economic Growth and Capital Accumulation”, Economic Record
(November) pp. 334-361.
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