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2013 Nonlinear Dynamics in the Solow Model with Bounded Population Growth and Time-to-Build Technology
Luca Guerrini, Mauro Sodini
Abstr. Appl. Anal. 2013(SI41): 1-6 (2013). DOI: 10.1155/2013/836537

Abstract

The aim of this paper is to show that the Solow model equipped by realistic assumptions on technology and population dynamics is capable of explaining a well-known stylised fact of growth, that is, the presence of persistent oscillations of demoeconomic variables. In particular, our analysis shows that the coexistence of delays between (i) new investment and production and (ii) the birth date and the recruitment in the labour force is a source of cyclical behaviour in capital accumulation.

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Luca Guerrini. Mauro Sodini. "Nonlinear Dynamics in the Solow Model with Bounded Population Growth and Time-to-Build Technology." Abstr. Appl. Anal. 2013 (SI41) 1 - 6, 2013. https://doi.org/10.1155/2013/836537

Information

Published: 2013
First available in Project Euclid: 26 February 2014

zbMATH: 1298.34158
MathSciNet: MR3129348
Digital Object Identifier: 10.1155/2013/836537

Rights: Copyright © 2013 Hindawi

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Vol.2013 • No. SI41 • 2013
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