Theoretical Economics Letters

Volume 2, Issue 1 (February 2012)

ISSN Print: 2162-2078   ISSN Online: 2162-2086

Google-based Impact Factor: 0.82  Citations  

Time Representation in Economics

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DOI: 10.4236/tel.2012.21002    5,784 Downloads   13,151 Views   Citations


In this paper, we study general polynomial discretizations in backward and forward looking, and the preservation of stability properties. We apply these results to the Ramsey model [4]. Its discrete-time version is a hybrid discretizations of a backward-looking budget constraint and a forward-looking Euler equation. Saddle-path stability is a robust property under discretization.

Cite this paper

S. Bosi and L. Ragot, "Time Representation in Economics," Theoretical Economics Letters, Vol. 2 No. 1, 2012, pp. 10-15. doi: 10.4236/tel.2012.21002.

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[4] Local and global dynamics of Ramsey model: From continuous to discrete time
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[5] The Uzawa-Lucas Model in Discrete Time with General Population Growth Rate
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[6] Economic growth and human capital accumulation: a discrete time analysis
[7] The Discrete-Time Ramsey Model with a Decreasing Population Growth Rate: Stability and Speed of Convergence
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[8] Discrete Versus Continuous Time in an Endogenous Growth Model with Durable Consumption
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[9] Demonstrating conceptual dynamics in an evolving text collection
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