ramsey: Nonlinear equations (3.2) from section 3.1 in HM(2009)

Description Usage Arguments

View source: R/ramsey3_1.R

Description

we don't write a equation set, and get k through c, and it reduce the number of equation solved.

Usage

1
ramsey(k, k0, kT, alpha = 0.27, delta = 0.011, betax = 0.994, eta = 2)

Arguments

k

a vector which length denotes the number of periods from k0 to kT

k0

initial value for capital stock

kT

final value for capital stock

alpha

a parameter for production function

delta

rate of depreciation

betax

discount rate for unitity function

eta

a parameter for unitity funciton with flexible labor supply


common2016/HM2009 documentation built on Dec. 19, 2021, 6 p.m.