Cass-Koopmans growth model

URI: https://gptkb.org/entity/Cass-Koopmans_growth_model
GPTKB entity
Statements (35)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs gptkb:Ramsey–Cass–Koopmans_model
gptkbp:analyzes consumption over time
savings behavior
steady-state equilibrium
gptkbp:assumes no government
perfect competition
infinite time horizon
representative agent
constant returns to scale production function
intertemporal utility maximization
no population growth (in basic form)
no technological progress (in basic form)
gptkbp:basedOn gptkb:Ramsey_model
gptkbp:contrastsWith gptkb:Solow–Swan_model
gptkbp:describes optimal economic growth
gptkbp:developedBy gptkb:David_Cass
gptkb:Tjalling_Koopmans
gptkbp:extendsTo gptkb:Ramsey_growth_model
gptkbp:field macroeconomics
economic growth theory
https://www.w3.org/2000/01/rdf-schema#label Cass-Koopmans growth model
gptkbp:influenced modern macroeconomic growth theory
gptkbp:introducedIn 1965
gptkbp:mathematicallyFormulatedBy gptkb:optimal_control_theory
gptkbp:publishedIn gptkb:Journal_of_Political_Economy
gptkbp:relatedTo gptkb:intertemporal_choice
gptkb:neoclassical_growth_theory
dynamic optimization
gptkbp:solvedBy social planner's problem
gptkbp:uses gptkb:Euler_equation
capital accumulation equation
Cobb-Douglas production function (commonly)
gptkbp:bfsParent gptkb:David_Cass
gptkbp:bfsLayer 6