On Extended Versions of the Solow-Swan Model
AbstractThis paper considers extensions of the neoclassical growth model with one, two, and three types of capital. The models are solved in their loglinear approximations. The dynamics of the models involve one or two negative eigenvalues. A combination of the neoclassical model with technological diffusion may lead to a nonmonotonic behavior of output. In an open-economy setup, the speed of convergence is sensitive to the specification of capital inflows. Two-capital models may result in an empirically plausible imbalance effect between human and physical capital.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by The Czech Econometric Society in its journal Bulletin of the Czech Econometric Society.
Volume (Year): 10 (2003)
Issue (Month): 19 ()
Convergence; Diffusion of technology; Eigenvalues; Imbalance effect; Neoclassical growth;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jozef Barunik).
If references are entirely missing, you can add them using this form.