The Solow-Swan model generalization with non-constant labor growth rate

Generalization of the neoclassical one-sector Solow-Swan model and its modification 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.

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Year of publication:	2011
Authors:	Přibylová, Lenka
Published in:	Bulletin of the Czech Econometric Society. - Česká ekonometrická společnost - CES. - Vol. 18.2011
Publisher:	Česká ekonometrická společnost - CES
Subject:	Solow-Swan model \| population growth \| stability \| chaos

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Extent:	text/html
Type of publication:	Article
Classification:	O41 - One, Two, and Multisector Growth Models ; C62 - Existence and Stability Conditions of Equilibrium
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009643448