The Ramsey model with AK technology and a bounded population growth rate

To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jmacro.2010.05.001 Byline: Luca Guerrini Keywords: Ramsey; AK model; Bounded population growth rate Abstract: This paper generalizes the Ramsey AK model by allowing the population growth rate to be variable over time subject only to be between prescribed upper and lower limits. Contrary to the standard AK setting, convergence can occur. Moreover, monotonicity as well as an asymptotic balanced growth path equilibrium may arise in the model. Author Affiliation: University of Bologna, Department of Mathematics for Economic and Social Sciences, Viale Filopanti 5, 40126 Bologna, Italy Article History: Received 9 February 2010; Accepted 4 May 2010