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In this paper, we solve a Solow model in continuous time and space. We prove the existence of a solution to the problem and its convergence to a stationary solution. The simulations of various scenario in the last section of the paper illustrates the convergence issue.
Persistent link: https://www.econbiz.de/10010836075
In this paper we develop an extended Solow growth model with skilled labor emigration which aggregates different labor types from strict complementarity to perfect substitution. Except in two particular cases, balanced growth paths can only be attained asymptotically. We therefore derive an...
Persistent link: https://www.econbiz.de/10010836339
In this paper we develop an extended Solow growth model with skilled labor emigration which aggregates different labor types from strict complementarity to perfect substitution. Except in two particular cases, balanced growth paths can only be attained asymptotically. We therefore derive an...
Persistent link: https://www.econbiz.de/10005110806
In this paper, we solve a Solow model in continuous time and space. We prove the existence of a solution to the problem and its convergence to a stationary solution. The simulations of various scenario in the last section of the paper illustrates the convergence issue.
Persistent link: https://www.econbiz.de/10005416880