All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

Constantin Chilarescu
''The effect of externality on the transitional dynamics: the case of Lucas model.''
( 2018, Vol. 38 No.3 )
The main aim of this paper was to provide a closed-form solution to the model of Lucas with externalities and to prove that this solution is unique. The method we proposed enables us to determine the unknown starting values of the control variables and to obtain the optimal trajectories of all variables of the system.
Keywords: endogenous growth model, externality effect, optimal solution, transitional dynamics.
JEL: C6 - Mathematical Methods and Programming: General
O4 - Economic Growth and Aggregate Productivity: General
Manuscript Received : Mar 04 2018 Manuscript Accepted : Sep 08 2018

  This abstract has been downloaded 1109 times                The Full PDF of this paper has been downloaded 149391 times