On sufficiency issues, first integrals and exact solutions of Uzawa-Lucas model with unskilled labor

DOI10.3934/DCDSS.2020170zbMATH Open1459.37094OpenAlexW2993295183WikidataQ126579787 ScholiaQ126579787MaRDI QIDQ827482FDOQ827482

Authors: R. Naz 

Publication date: 12 January 2021

Published in: Discrete and Continuous Dynamical Systems. Series S (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3934/dcdss.2020170

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zbMATH Keywords

partial Hamiltonian approachunskilled labor

Mathematics Subject Classification ID

Dynamical systems in optimization and economics (37N40) Production theory, theory of the firm (91B38) Optimality conditions for problems involving ordinary differential equations (49K15) Labor markets (91B39) Hamilton-Jacobi equations in optimal control and differential games (49L12)

Cites Work

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• Closed-form solutions of Lucas-Uzawa model with externalities via partial Hamiltonian approach
• A recursion formula for the construction of local conservation laws of differential equations
• A note on the Uzawa-Lucas model with unskilled labor
• COMPARISON OF CLOSED-FORM SOLUTIONS FOR THE LUCAS-UZAWA MODEL VIA THE PARTIAL HAMILTONIAN APPROACH AND THE CLASSICAL APPROACH
• First integrals of generalized Ermakov systems via the Hamiltonian formulation
• Demographic shocks and human capital accumulation in the Uzawa--Lucas model

Cited In (3)

• Existence and uniqueness of solutions to the wage equation of Dixit-Stiglitz-Krugman model with no restriction on transport costs
• A note on the Uzawa-Lucas model with unskilled labor
• The dynamics of the Uzawa-Lucas model with unskilled labor

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