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Time fractional capital-induced labor migration model

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  • Ali Balcı, Mehmet

Abstract

In this study we present a new model of neoclassical economic growth by considering that workers move from regions with lower density of capital to regions with higher density of capital. Since the labor migration and capital flow involves self-similarities in long range time, we use the fractional order derivatives for the time variable. To solve this model we proposed Variational Iteration Method, and studied numerically labor migration flow data from Turkey along with other countries throughout the period of 1966–2014.

Suggested Citation

  • Ali Balcı, Mehmet, 2017. "Time fractional capital-induced labor migration model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 477(C), pages 91-98.
    • Handle: RePEc:eee:phsmap:v:477:y:2017:i:c:p:91-98
    DOI: 10.1016/j.physa.2017.02.032
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    References listed on IDEAS

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    Cited by:

    1. Juchem Neto, J.P. & Claeyssen, J.C.R. & Pôrto Júnior, S.S., 2018. "Economic agglomerations and spatio-temporal cycles in a spatial growth model with capital transport cost," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 494(C), pages 76-86.

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