Global Dynamics and Imbalance Effects in the Lucas-Uzawa Model: Further Results
CORE Discussion Paper No. 2007/25
16 Pages Posted: 16 Aug 2007
Date Written: March 2007
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: Suggested Citation