Scandinavian Working Papers in Economics

Memorandum,
Oslo University, Department of Economics

No 26/2002: At Last! An Explicit Solution for the Ramsey Saddle Path

Halvor Mehlum ()
Additional contact information
Halvor Mehlum: Dept. of Economics, University of Oslo, Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway

Abstract: I derive an explicit solution for the saddle path in a Ramsey growth model. The existence of a closed form expression greatly simpliÞes the analysis of how the parameters of the utility function affects investments and growth.

Keywords: Ramsey; growth; model

JEL-codes: D91; O41

8 pages, June 18, 2003

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