Batabyal, Amitrajeet A. - 2018
by supposing that the region under study has two sectors. The first sector uses physical capital {K(t)} and trained … workers {A(t)W(t)} to produce creative capital {R(t)}. The second sector uses physical and creative capital to produce a final … consumption good {Q(t)}. In this setting, we accomplish four tasks. First, we derive the equations of motion for physical capital …