A Generalized Solow-Swan Model
We set up a generalized Solow-Swan model to study the exogenous impact of population, saving rate, technological change, and labor participation rate on economic growth. By introducing generalized exogenous variables into the classical Solow-Swan model, we obtain a nonautomatic differential equation...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Wiley
2014-01-01
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| Series: | Abstract and Applied Analysis |
| Online Access: | http://dx.doi.org/10.1155/2014/395089 |
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| _version_ | 1832556741731024896 |
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| author | Donghan Cai Hui Ye Longfei Gu |
| author_facet | Donghan Cai Hui Ye Longfei Gu |
| author_sort | Donghan Cai |
| collection | DOAJ |
| description | We set up a generalized Solow-Swan model to study the exogenous impact of population, saving rate, technological change, and labor participation rate on economic growth. By introducing generalized exogenous variables into the classical Solow-Swan model, we obtain a nonautomatic differential equation. It is proved that the solution of the differential equation is asymptotically stable if the generalized exogenous variables converge and does not converge when one of the generalized exogenous variables persistently oscillates. |
| format | Article |
| id | doaj-art-4ae5b0ce482d485ca855d0247ae65c56 |
| institution | Kabale University |
| issn | 1085-3375 1687-0409 |
| language | English |
| publishDate | 2014-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Abstract and Applied Analysis |
| spelling | doaj-art-4ae5b0ce482d485ca855d0247ae65c562025-02-03T05:44:26ZengWileyAbstract and Applied Analysis1085-33751687-04092014-01-01201410.1155/2014/395089395089A Generalized Solow-Swan ModelDonghan Cai0Hui Ye1Longfei Gu2College of Mathematics and Statistics, Wuhan University, Wuhan 430072, ChinaCollege of Mathematics and Statistics, Wuhan University, Wuhan 430072, ChinaCollege of Mathematics and Statistics, Wuhan University, Wuhan 430072, ChinaWe set up a generalized Solow-Swan model to study the exogenous impact of population, saving rate, technological change, and labor participation rate on economic growth. By introducing generalized exogenous variables into the classical Solow-Swan model, we obtain a nonautomatic differential equation. It is proved that the solution of the differential equation is asymptotically stable if the generalized exogenous variables converge and does not converge when one of the generalized exogenous variables persistently oscillates.http://dx.doi.org/10.1155/2014/395089 |
| spellingShingle | Donghan Cai Hui Ye Longfei Gu A Generalized Solow-Swan Model Abstract and Applied Analysis |
| title | A Generalized Solow-Swan Model |
| title_full | A Generalized Solow-Swan Model |
| title_fullStr | A Generalized Solow-Swan Model |
| title_full_unstemmed | A Generalized Solow-Swan Model |
| title_short | A Generalized Solow-Swan Model |
| title_sort | generalized solow swan model |
| url | http://dx.doi.org/10.1155/2014/395089 |
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