Comparison of Closed-Form Solutions for the Lucas-Uzawa Model via the Partial Hamiltonian Approach and the Classical Approach

In this paper we derive the closed-form solutions for the Lucas-Uzawa growth model with the aid of the partial Hamiltonian approach and then compare our results with those derived in literature. The partial Hamiltonian approach provides two first integrals [9] in the case where there are no paramet...

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Bibliographic Details
Main Authors: Rehana Naz, Azam Chaudhry
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2017-07-01
Series:Mathematical Modelling and Analysis
Subjects:
Online Access:https://journals.vgtu.lt/index.php/MMA/article/view/907