A generalized Solow-Swan model

DOI10.1155/2014/395089MaRDI QIDQ1724019zbMATH OpenOpenAlexWikidataFDO

Authors Donghan Cai, Hui Ye, Longfei Gu

Publication date 14 February 2019

Published in Abstract and Applied Analysis (Search for Journal in Brave)

Copyright license Creative Commons Attribution 3.0 Unported

Full work available at URL https://doi.org/10.1155/2014/395089

zbMATH Keywords

economic growthnonautomatic differential equationpopulation growthsaving rateSolow-Swan model

Mathematics Subject Classification ID

Stability of solutions to ordinary differential equations (34D20) Economic growth models (91B62)

Review text

Summary: 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.

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Cites work

• A Solow-Swan model with technological overflow and catch-up
• scientific article; zbMATH DE number 5199276 (Why is no real title available?)
• scientific article; zbMATH DE number 3204015 (Why is no real title available?)
• Inverted U-shaped fertility dynamics, the poverty trap and growth
• The Solow--Swan model with a bounded population growth rate

Cited in

(19)

• Spatial dynamics for a generalized Solow growth model
• The Green Solow model
• Direction and stability of Hopf bifurcation in a delayed Solow model with labor demand
• Bubbles and cycles in the Solow-Swan model
• A Malthus-Swan-Solow model of economic growth
• Kaldor and classical savings in the Solow-Swan model with a bounded population growth rate
• A note on an open economy neoclassical model
• Solow model, an economic dynamical system of growth
• Generalized Swanson models and their solutions
• A Solow-Swan model with technological overflow and catch-up
• scientific article; zbMATH DE number 1296824 (Why is no real title available?)
• Impulsive control on the asymptotic stability of the solutions of a Solow model with endogenous labor growth
• The Solow--Swan model with a negative labor growth rate
• Extended Solow–Swan model for capital and natural resources with the Allee effect
• Economic growth by means of interspecific functional response of capital-labour in dynamical system
• The Solow-Swan model with age structure changing and simulation
• Exact solutions for a Solow-Swan model with non-constant returns to scale
• The Solow-Swan model with endogenous population growth
• The Solow--Swan model with a bounded population growth rate

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