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

CORE Discussion Paper No. 2007/25

16 Pages Posted: 16 Aug 2007

See all articles by Raouf Boucekkine

Raouf Boucekkine

Universite Catholique de Louvain

Blanca Martinez

Universite Catholique de Louvain

J. R. Ruiz Tamarit

University of Valencia - Department of Economic Analysis; Universite Catholique de Louvain - Institut de Recherches Economiques et Sociales

Date Written: March 2007

Abstract

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.

Keywords: Lucas-Uzawa, hypergeometric functions, imbalance effects, global dynamics

JEL Classification: E20, O40, C60

Suggested Citation

Boucekkine, Raouf and Martinez, Blanca and Ruiz Tamarit, José Ramón, Global Dynamics and Imbalance Effects in the Lucas-Uzawa Model: Further Results (March 2007). CORE Discussion Paper No. 2007/25. Available at SSRN: https://ssrn.com/abstract=1006765 or http://dx.doi.org/10.2139/ssrn.1006765

Raouf Boucekkine (Contact Author)

Universite Catholique de Louvain ( email )

3, Place Montesquieu
Institut de Recherches Economiques et Sociales (IRES)
1348 Louvain-la-Neuve
Belgium
+32 10 47 38 48 (Phone)
+32 10 47 39 45 (Fax)

Blanca Martinez

Universite Catholique de Louvain

3, Place Montesquieu
Institut de Recherches Economiques et Sociales (IRES)
1348 Louvain-la-Neuve
Belgium

José Ramón Ruiz Tamarit

University of Valencia - Department of Economic Analysis ( email )

Av. dels Tarongers s/n
46022 Valencia
Spain
34 96 3828250 (Phone)
34 96 3828249 (Fax)

Universite Catholique de Louvain - Institut de Recherches Economiques et Sociales ( email )

3, Place Montesquieu
1348 Louvain-la-Neuve
Belgium

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