Statements (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
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 |
partial differential equations
|
| https://www.w3.org/2000/01/rdf-schema#label |
Ramsey-Cass-Koopmans model
|
| 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
|