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Abstract

The paper outlined two systems of differential equations: the Ramsey-Cass-KoopmansRCK growth model with exponential growth of labourpopulation 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 benchmarkparameters. We compare the performance ability of this models in the case of developed and developing countries.



Item Type: MPRA Paper -

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

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

Language: English-

Keywords: Per worker capital, Ramsey-Cass-Koopmans RCK model, Stability.-

Subjects: C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62 - Existence and Stability Conditions of EquilibriumD - Microeconomics > D2 - Production and Organizations > D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity-





Author: Fosu, Gabriel Obed

Source: https://mpra.ub.uni-muenchen.de/69284/



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