Global dynamics and imbalance effects in the Lucas Uzawa model : further results

Abstract

In this paper we use a new analytical approach to the Lucas-Uzawa model (Boucekkine and Ruiz-Tamarit, 2007) to extend the existinc results on the dynamics and notably on the imbalance effects arising in the model. The approach does not only allow to extend the traditional analysis to any initial conditions for all variables in level, but it also permits a more general investigation of imbalance effectsLucas-Uzawa; hypergeometric functions; imbalance effects; global dynamics