Informace o publikaci
The Solow-Swan model generalization with non-constant labor growth rate
| Název česky | Zobecneny Solow-Swanuv model s nekonstantni mirou rustu pracovni sily |
|---|---|
| Autoři | |
| Rok publikování | 2011 |
| Druh | Článek v odborném periodiku |
| Časopis / Zdroj | Bulletin of the Czech Econometric Society |
| Fakulta / Pracoviště MU | |
| Citace | |
| www | http://ces.utia.cas.cz/bulletin/index.php/bulletin/article/viewFile/182/164 |
| Obor | Obecná matematika |
| Klíčová slova | Solow model; population growth; stability; chaos |
| Popis | Generalization of the neoclassical one-sector Solow-Swan model and its modication of Kaldor-Pasinetti type are introduced. The generalization is due to non-constant labor growth rate. Both continuous-time and discrete-time models are derived. Concrete examples with complex dynamics are presented for models with differential savings of the Kaldor-Pasinetti type and Beverton-Holt and logistic version of the labor dynamics. We found that instabilities and complex dynamics may be driven by the capital{labor ratio dynamics, labor dynamics or both together. |