The Uzawa-Lucas Model in Discrete Time with General Population Growth Rate

The Uzawa-Lucas Model in Discrete Time with General Population Growth Rate
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Total Pages : 14
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ISBN-10 : OCLC:1304434220
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Book Synopsis The Uzawa-Lucas Model in Discrete Time with General Population Growth Rate by : Emiliano Alvarez

Download or read book The Uzawa-Lucas Model in Discrete Time with General Population Growth Rate written by Emiliano Alvarez and published by . This book was released on 2018 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reformulates the classical Uzawa-Lucas model of economic growth and human capital accumulation by representing time as a discrete variable and using a non-constant population growth rate. In addition, the model is developed with a more general utility function. The study examines the optimal trajectories in human and physical capital and consumption showing the existence of a unique steady state which stability is analyzed. The paper compares the results with the original studies in discrete time.


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