5 papers
A production function with variable elasticity of substitution greater than one
Constantin Chilarescu
The idea of this paper comes from the famous remark of Piketty and Zuckman: "It is natural to imagine that was much less than one in the eighteenth and nineteenth centuries and…
On the Solutions of the Lucas-Uzawa Model
Constantin Chilarescu
In a recent paper, Naz and Chaudry provided two solutions for the model of Lucas-Uzawa, via the Partial Hamiltonian Approach. The first one of these solutions coincides exactly wit…
A Production Function with Variable Elasticity of Factor Substitution
Constantin Chilarescu
The main aim of this paper is to prove the existence of a new production function with variable elasticity of factor substitution. This production function is a more general form w…
Closed form solutions of Lucas Uzawa model with externalities via partial Hamiltonian approach. Some Clarifications
Constantin Chilarescu
The main aim of this paper is to give some clarifications to the recent paper published in Computational and Applied Mathematics by Naz and Chaudhry.
Hopf bifurcation in a dynamic IS-LM model with time delay
Mihaela Neamtu, Dumitru Opris, Constantin Chilarescu
In this paper we investigate the impact of delayed tax revenues on the fiscal policy out-comes. Choosing the delay as a bifurcation parameter we study the direction and the stabili…