Special Session 129: Qualitative and Quantitative Techniques for Differential Equations arising in Economics, Finance and Natural Sciences
Contents
The closed form solutions of some Economic growth models are constructed models via newly developed partial Hamiltonian approach. The partial Hamiltonian approach can be used to obtain reductions and closed-form solutions via first integrals of current value Hamiltonian systems of ordinary differential equations arising in economic growth theory and other economic models. In this article, we derive the closed form solutions of a class of Ramsey Economic growth models and an endogenous growth model with health factor. Moreover, the stability of the equilibria and the transitional dynamics are also analyzed. The Economics interpretations are presented in detail.