On a closed-form solution to the stochastic Lucas-Uzawa model

DOI10.1007/S00712-012-0295-3zbMATH Open1294.91106OpenAlexW1989293714MaRDI QIDQ741563FDOQ741563

Authors: Ryoji Hiraguchi 

Publication date: 12 September 2014

Published in: Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00712-012-0295-3

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zbMATH Keywords

Brownian motionclosed-form solutionvalue functionendogenous growth

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Economic growth models (91B62) Multisectoral models in economics (91B66)

Cites Work

• Divergence in economic performance: Transitional dynamics with multiple equilibria
• Special functions for the study of economic dynamics: the case of the Lucas-Uzawa model
• Production technologies in stochastic continuous time models
• Title not available (Why is that?)
• Stochastic technology shocks in an extended Uzawa-Lucas model: closed-form solution and long-run dynamics

Cited In (12)

• ON THE SOLUTIONS OF THE LUCAS-UZAWA MODEL
• Stochastic technology shocks in an extended Uzawa-Lucas model: closed-form solution and long-run dynamics
• Closed-form solutions for the Lucas-Uzawa growth model with logarithmic utility preferences via the partial Hamiltonian approach
• A note on the Uzawa-Lucas model with unskilled labor
• Special functions for the study of economic dynamics: the case of the Lucas-Uzawa model
• Stochastic accumulation of human capital and welfare in the Uzawa-Lucas model: an analytical characterization
• A closed-form solution of the Uzawa-Lucas model of endogenous growth
• Stochastic continuous time growth models that allow for closed form solutions
• The closed-form solutions for finance-extended Lucas-Uzawa model
• A note on the closed-form solution to the Lucas-Uzawa model with externality
• A robust consumption model when the intensity of technological progress is ambiguous
• Stability and mean growth rate of stochastic Solow model driven by jump-diffusion process

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