The consumption function in the Ramsey–Kass–Koopmans economic growth model in the case of a stationary saving function
https://doi.org/10.22405/2226-8383-2022-23-1-118-129
Abstract
We study the dependence of the functions of capital (resource) and consumption in the Ramsey-Kass-Koopmans economic model in the case when saving is an identical constant.
The system of differential equations describing the evolution of the economic model under consideration is solved in quadratures under the assumptions made. Upper estimates of the consumption function are found based on the obtained solution.
About the Authors
Artem Ivanovich Kozko
Lomonosov Moscow State University; Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Russian Federation
candidate of physical and mathematical sciences
Lyubov Mihailovna Luzhina
Lomonosov Moscow State University; Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Russian Federation
candidate of physical and mathematical sciences
Anton Yurievich Popov
Lomonosov Moscow State University; Moscow center of fundamental and applied mathematics; Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Russian Federation
doctor of physical and mathematical sciences
Vladimir Grirorevich Chirskii
Lomonosov Moscow State University; Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Russian Federation
doctor of physical and mathematical sciences
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Review
For citations:
Kozko A.I., Luzhina L.M., Popov A.Yu., Chirskii V.G. The consumption function in the Ramsey–Kass–Koopmans economic growth model in the case of a stationary saving function. Chebyshevskii Sbornik. 2022;23(1):118-129. (In Russ.) https://doi.org/10.22405/2226-8383-2022-23-1-118-129
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