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

DOI10.1007/S00712-012-0295-3MaRDI QIDQ741563zbMATH OpenOpenAlexFDO

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

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)

Recommendations

• A note on the closed-form solution to the Lucas-Uzawa model with externality
• A closed-form solution of the Uzawa-Lucas model of endogenous growth
• Closed-form solutions for the Lucas-Uzawa growth model with logarithmic utility preferences via the partial Hamiltonian approach
• Stochastic technology shocks in an extended Uzawa-Lucas model: closed-form solution and long-run dynamics
• The closed-form solutions for finance-extended Lucas-Uzawa model

Cites work

• scientific article; zbMATH DE number 2107841 (Why is no real title available?)
• Divergence in economic performance: Transitional dynamics with multiple equilibria
• Production technologies in stochastic continuous time models
• Special functions for the study of economic dynamics: the case of the Lucas-Uzawa model
• 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
• A closed-form solution of the Uzawa-Lucas model of endogenous growth
• Stochastic accumulation of human capital and welfare in the Uzawa-Lucas model: an analytical characterization
• 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

This page was built for publication: On a closed-form solution to the stochastic Lucas-Uzawa model

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q741563)