The Ramsey Type Model with Endogenous Birth Rate

DOI

10.2991/nceece-15.2016.52How to use a DOI?

Keywords

Ramsey model; birth rate; equilibrium; phase diagram analysis.

Abstract

In this paper, a Ramsey type model with endogenous birth rate is set up to inquire the optimal birth rate choosing in the economic growth process. It is proved the model has a unique equilibrium which is saddle under some given conditions. Along the optimal growth path, the per capita capital, consumption and the birth rate increase. By comparative static analysis, it obtain the per capita consumption decreases with the life expectancy prolonged.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wang Donghan
AU  - Yang Jun
AU  - Zhu Huan
PY  - 2015/12
DA  - 2015/12
TI  - The Ramsey Type Model with Endogenous Birth Rate
BT  - Proceedings of the 2015 4th National Conference on Electrical, Electronics and Computer Engineering
PB  - Atlantis Press
SP  - 256
EP  - 260
SN  - 2352-5401
UR  - https://doi.org/10.2991/nceece-15.2016.52
DO  - 10.2991/nceece-15.2016.52
ID  - Donghan2015/12
ER  -