Munich Personal RePEc Archive

Comparability of the Neoclassical Economic Growth models: The Ramsey Models in Perspective

Fosu, Gabriel Obed and Gogovi, Gideon and Appati, Justice and Bondzie, Eric Amoo (2013): Comparability of the Neoclassical Economic Growth models: The Ramsey Models in Perspective. Published in: International Journal of Engineering & Scientific Research , Vol. 2, No. 4 (April 2014): pp. 96-104.

[img]
Preview
PDF
MPRA_paper_69284.pdf

Download (90kB) | Preview

Abstract

The paper outlined two systems of differential equations: the Ramsey-Cass-Koopmans(RCK) growth model with exponential growth of labour(population) and Ramsey-Cass-Koopmans model with logistic growth rate of labour. The stability properties of these models are outlined in the neighbourhood of the steady state with a set of benchmark parameters. We compare the performance ability of this models in the case of developed and developing countries.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.