Construct · 1 fields · 1 citations

Ramsey-Cass-Koopmans model: a standalone construct

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Economic growth

a growth model in which saving is chosen by an infinitely lived household maximizing discounted utility, rather than fixed at a constant rate.

In economic growth, Ramsey-Cass-Koopmans model refers to a growth model in which saving is chosen by an infinitely lived household maximizing discounted utility, rather than fixed at a constant rate. This meaning comes from Cass (1965) in The Review of Economic Studies.[1]

Unit
Recovery means
Measured by

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Nearby constructs

constant2 fields · 2 citationsjingle · one word, two constructs growth4 fields · 4 citationsjingle · one word, four constructs maximizing1 fields · 1 citationsanchor · a standalone construct

References

Cass, D. (1965). Optimum Growth in an Aggregative Model of Capital Accumulation. The Review of Economic Studies, 32(3), 233. https://doi.org/10.2307/2295827

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