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Showing 1 to 1 of 1 for “"Ramsey-type model"”.

  1. Optimal investment in an oil-based economy. Theoretical and Empirical Study of a Ramsey-Type Model for Libya.

    … development. For this purpose, a neo-classical Ramsey-type model for Libya is constructed and applied to obtain theoretically and empirically the optimal saving and investment rate during the period (1965-1991). The results reveal that Libya was investing over the optimal level during the oil …

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