Ramsey-Cass-Koopmans model

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:macroeconomic_model
gptkbp:alsoKnownAs	gptkb:Ramsey_growth_model
gptkbp:assumes	perfect competition constant returns to scale closed economy exogenous technological progress infinite time horizon representative agent intertemporal optimization
gptkbp:category	macroeconomics economic models growth models
gptkbp:comparesWith	gptkb:Solow-Swan_model
gptkbp:describes	economic growth
gptkbp:developedBy	gptkb:David_Cass gptkb:Frank_P._Ramsey gptkb:Tjalling_Koopmans
gptkbp:distinctFrom	gptkb:Solow-Swan_model
gptkbp:feature	dynamic optimization endogenous savings rate optimal consumption path
gptkbp:field	economics macroeconomics
gptkbp:form	gptkb:partial_differential_equations
gptkbp:influenced	modern growth theory
gptkbp:influencedBy	gptkb:Cass_(1965) gptkb:Koopmans_(1965) Frank Ramsey's 1928 paper
gptkbp:introducedIn	1928
gptkbp:relatedTo	gptkb:Euler_equation gptkb:intertemporal_choice capital accumulation utility maximization steady-state equilibrium optimal growth theory
gptkbp:solvedBy	gptkb:Hamiltonian_method calculus of variations
gptkbp:type	neoclassical growth model
gptkbp:usedFor	analyzing long-run economic growth studying consumption over time studying optimal savings
gptkbp:yearExtended	1965
gptkbp:bfsParent	gptkb:Neoclassical_Growth_Model gptkb:Neoclassical_Growth_Theory gptkb:Solow-Swan_Model gptkb:Solow-Swan_model
gptkbp:bfsLayer	7
https://www.w3.org/2000/01/rdf-schema#label	Ramsey-Cass-Koopmans model