1 Erratum to: Comput Econ DOI 10.1007/s10614-016-9633-9

In the original publication of this article, Eq. 8 is published incorrectly. The correct equation is provided in this erratum (Eq. 8).

$$\begin{aligned} \bar{{u}}\equiv \left[ {{\begin{array}{c} {\bar{{k}}} \\ {\bar{{c}}} \\ \end{array} }} \right] =\left[ {{\begin{array}{c} {\left( {\frac{\alpha A_\tau }{\delta _\tau +\,\rho e^{\rho \tau }}} \right) ^{1/(1-\alpha )}} \\ {A_\tau \bar{{k}}^{\alpha }-\delta _\tau \bar{{k}}} \\ \end{array} }} \right] \end{aligned}$$
(8)