Welfare and Convergence Speed in the Ramsey Model Under Two Classes of Gorman Preferences

Using a one-sector, discrete-time Ramsey model, we analyze and compare the implications for welfare, capital accumulation, and speed of convergence to the steady state of two classes of utility functions that represent Gorman preferences, namely homothetic and Stone–Geary preferences. For identical...

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Bibliographic details
Volume: 7
Main Author: da Cruz Vieira, Wilson
Bucci, Alberto
Marsiglio, Simone
Format: Journal Article
Language: English
Place of publication: Heidelberg Springer Nature B.V 01.03.2021
published in: Italian Economic Journal Vol. 7; no. 1; pp. 37 - 58
ORCID: 0000-0001-8247-6536
Data of publication: 2021-03-00
ISSN: 2199-322X
EISSN: 2199-3238
Online Access: Fulltext
Database: CrossRef
ProQuest One Business
ProQuest One Business (Alumni)
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