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A Discrete Two-Sector Economic Growth Model

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  • Wei-Bin Zhang

Abstract

This paper studies a key model in economic theory — the two-sector growth model — with an alternative utility function. We show that the system has a unique stable equilibrium when the production functions take on the Cobb-Douglas form. We also simulate the model and demonstrate effects of changes in some parameters.

Suggested Citation

  • Wei-Bin Zhang, 2007. "A Discrete Two-Sector Economic Growth Model," Discrete Dynamics in Nature and Society, Hindawi, vol. 2007, pages 1-13, January.
    • Handle: RePEc:hin:jnddns:089464
    DOI: 10.1155/2007/89464
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    References listed on IDEAS

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    1. Boldrin, Michele & Nishimura, Kazuo & Shigoka, Tadashi & Yano, Makoto, 2001. "Chaotic Equilibrium Dynamics in Endogenous Growth Models," Journal of Economic Theory, Elsevier, vol. 96(1-2), pages 97-132, January.
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