A modified version of Solow-Ramsey model using Richard’s growth function

Leobardo Plata Pérez; Eduardo Calderón

doi:10.18381/eq.v6i1.99

A modified version of Solow-Ramsey model using Richard’s growth function

Authors

Leobardo Plata Pérez Facultad de Economía de la Universidad Autónoma de San Luis Potosí.
Eduardo Calderón Facultad de Economía de la Universidad Autónoma de San Luis Potosí.

DOI:

https://doi.org/10.18381/eq.v6i1.99

Abstract

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.

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References

Barro, Robert J., Sala-i-Martin Xavier (2004). Economic Growth, New York; Mc Graw Hill.

Call, Steven and William Holahan (1983). Micreoeconomía 2ª Edición, Editorial Interamericana.

Pindyck, Robert and Daniel Rubinfeld (1992). Microeconomics 2nd. Edition, New York: McMillan.

Ramsey, Frank (1928). “A Mathematical Theory of Saving”, Economic Journal, December 1928 No. 38, pp. 543-559.

Solow, Robert (1956). “A contribution to the theory of Economic Growth”, Quarterly Journal of Economics, Vol. 70, pp. 65-94.

Swan, T. W. (1956). “Economic Growth and Capital Accumulation”, Economic Record

(November) pp. 334-361.

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Published

2010-03-01

How to Cite

Plata Pérez, L., & Calderón, E. (2010). A modified version of Solow-Ramsey model using Richard’s growth function. EconoQuantum, 6(1), 65–70. https://doi.org/10.18381/eq.v6i1.99