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The Solow-Swan model generalization with non-constant labor growth rate

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  • Lenka Přibylová

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    Abstract

    Generalization of the neoclassical one-sector Solow-Swan model and its modification of Kaldor-Pasinetti type are introduced. The generalization is due to non-constant labor growth rate. Both continuous-time and discrete-time models are derived. Concrete examples with complex dynamics are presented for models with differential savings of the Kaldor-Pasinetti type and Beverton-Holt and logistic version of the labor dynamics.

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    File URL: http://ces.utia.cas.cz/bulletin/index.php/bulletin/article/view/182
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    Bibliographic Info

    Article provided by The Czech Econometric Society in its journal Bulletin of the Czech Econometric Society.

    Volume (Year): 18 (2011)
    Issue (Month): 28 ()
    Pages:

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    Handle: RePEc:czx:journl:v:18:y:2011:i:28:id:182

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    Related research

    Keywords: Solow-Swan model; population growth; stability; chaos;

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