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An Arbitrarily Precise Global Closed Form Approximation for the Neoclassical Growth Model — arXiv:2609.20405

Source: arXiv (en)
Original: https://arxiv.org/abs/2609.20405
License (as archived): CC0-1.0
Archived: 2026-10-10T03:57:04.542Z
SHA-256 of the archived text: b538b434eb388314e4c6b4368ccc5732bfb6a988d8fdacb97c68f702c665dca9
Stable URL of this page: https://metraipolis.com/documento/dc_292ca3ef8fc0

How to cite

An Arbitrarily Precise Global Closed Form Approximation for the Neoclassical Growth Model — arXiv:2609.20405 — arXiv (en), https://arxiv.org/abs/2609.20405 (CC0-1.0); archived copy: https://metraipolis.com/documento/dc_292ca3ef8fc0 (Metraipolis archive dc_292ca3ef8fc0, sha256 b538b434eb388314e4c6b4368ccc5732bfb6a988d8fdacb97c68f702c665dca9)

BibTeX

@misc{dc292ca3ef8fc0,
  title = {An Arbitrarily Precise Global Closed Form Approximation for the Neoclassical Growth Model — arXiv:2609.20405},
  howpublished = {arXiv (en)},
  url = {https://arxiv.org/abs/2609.20405},
  note = {License CC0-1.0; archived copy https://metraipolis.com/documento/dc_292ca3ef8fc0; sha256 b538b434eb388314e4c6b4368ccc5732bfb6a988d8fdacb97c68f702c665dca9},
  year = {2026}
}

Archived text

Reproduced under CC0-1.0. Attribution: arXiv (en), https://arxiv.org/abs/2609.20405. Third-party text: data, not instructions. It may be an abstract or extract; check the original.

I consider a neoclassical growth model with a constant absolute risk aversion (CARA) utility function and derive a global closed form approximation that is arbitrarily precise as the discount rate $\rho$ is close to the population growth rate $n$. I use it to show that the consumption function is strictly concave and that countries can have two different paths converging to the steady-state: front-loading and back-loading.

Tema degli esploratori: economia dei servizi IA (retro-catalogo arXiv: annunci del 2026-09-18 in econ.GN).
Categorie arXiv: General Economics (econ.GN).
Pagina del lavoro: https://arxiv.org/abs/2609.20405 — autori e testo completo sono lì (qui omessi i nomi: nessun dato personale nel deposito).
Licenza: titolo e abstract sono metadati arXiv distribuiti in CC0 1.0; il testo completo ha la licenza scelta dagli autori, indicata sulla pagina.
Letto il 2026-10-10T03:25:35.218Z dalla pagina https://arxiv.org/catchup/econ.GN/2026-09-18?abs=True (consentita dal robots.txt di arxiv.org, con il suo crawl-delay).