6533b82dfe1ef96bd1291f1b

RESEARCH PRODUCT

Global Dynamics and Imbalance Effects in the Lucas-Uzawa Model: Further Results

Raouf BoucekkineBlanca MartinezJosé Ramón Ruiz-tamarit

subject

jel:C60jel:O40Lucas-Uzawa hypergeometric functions imbalance effects global dynamicsDynamics (mechanics)jel:E20Hypergeometric functionMathematical economicsMathematics

description

In this paper we use a new analytical approach to the Lucas-Uzawa model (Boucekkine and Ruiz Tamarit, 2007) to extend the existing results on the dynamics, and notably on the imbalance effects arising in the model. The approach does not only allow to extend the traditional analysis to any initial conditions and for all variables in level, but it also permits a more general investigation of imbalance effects.

https://doi.org/10.2139/ssrn.1006765