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Introduction
Introduction
Relax and watch a little clip that shows numerical solutions of the Lucas-Uzawa economic growth model. The solutions for two different initial states in terms of physical and human capital are shown in original and in time adjusted coordinates. They are computed with the Matlab routines provided on this site.
Organization
Organization
Relaxation Algorithm describes the method and its advantages. Applications provides illustrative examples for various economic growth models. Neat Examples lists prominent papers that have employed relaxation. Extensions informs about modifications of the relaxation algorithm to incoroporate inequality constraints or shocks.
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