On the effect of labour productivity on growth: endogenous fluctuations and complex dynamics (Q1727192): Difference between revisions
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Revision as of 04:29, 5 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On the effect of labour productivity on growth: endogenous fluctuations and complex dynamics |
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On the effect of labour productivity on growth: endogenous fluctuations and complex dynamics (English)
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20 February 2019
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Summary: This paper introduces a sigmoidal production function that considers production possible even when the only input is labour. The long-run behaviour of an economy described by the neoclassical Solow-type growth model with differential savings is investigated considering the technology presented. It is found that labour productivity influences the existence of boom and bust periods as well as the level of capital per capita in equilibrium.
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