Ciência-IUL
Publications
Publication Detailed Description
Journal Title
Economics Bulletin
Year (definitive publication)
2009
Language
English
Country
United States of America
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Abstract
A local stability condition for the standard neo-classical Ramsey growth model is derived. The proposed setting is deterministic, defined in discrete time and expectations are formed through adaptive learning.
Acknowledgements
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Keywords
Neo-classical growth, Adaptive learning, Stability
Fields of Science and Technology Classification
- Economics and Business - Social Sciences