Dynamic properties of the solow model with increasing or decreasing population and time-to-build technology

DOI10.1155/2013/280925MaRDI QIDQ2015308zbMATH OpenOpenAlexWikidataFDO

Authors Luca Guerrini, M. Sodini

Publication date 23 June 2014

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/10.1155/2013/280925

zbMATH Keywords

delayed differential equationsHopf bifurcationsstability switches

Mathematics Subject Classification ID

Bifurcation theory of functional-differential equations (34K18) Stability theory of functional-differential equations (34K20) Qualitative investigation and simulation of models involving functional-differential equations (34K60) Population dynamics (general) (92D25) Ecology (92D40)

Review text

Summary: We introduce a time-to-build technology in a Solow model with nonconstant population. Our analysis shows that the population dynamics may be a source of stability switches and Hopf bifurcations. The analytical results are obtained using the recent technique introduced by \textit{E. Beretta} and \textit{Y. Kuang} [SIAM J. Math. Anal. 33, No. 5, 1144--1165 (2002; Zbl 1013.92034)] in the study of delayed differential equations with delay-dependent coefficients in characteristic equation. Numerical simulations are performed in order to illustrate the main dynamic features of the model.

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Cited in

(5)

• Center manifold reduction and perturbation method in a delayed model with a mound-shaped Cobb-Douglas production function
• Nonlinear dynamics in the Solow model with bounded population growth and time-to-build technology
• Persistent fluctuations in a dual model with frictions: the role of delays
• Stability and nonlinear dynamics in a Solow model with pollution
• A continuous time Cournot duopoly with delays

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