Borges, Maria João; Fabião, Fátima; Teixeira, João - In: Eurasian economic perspectives : proceedings of the …, (pp. 375-383). 2020
In this work, we study the dynamics of Solow’s economic growth model assuming that the labor force growth rate function, n(t), is a solution of a delay differential equation. This approach is motivated by the fact that there are delays in entering and retiring an individual from the labor...