Dynamic Properties of the Solow Model with Increasing or Decreasing Population and Time-to-Build Technology-Reference-Cited by-同舟云学术

Dynamic Properties of the Solow Model with Increasing or Decreasing Population and Time-to-Build Technology

Published:2013 Issue: Volume:2013 Page:1-7
ISSN:1085-3375
Container-title:Abstract and Applied Analysis
language:en
Short-container-title:Abstract and Applied Analysis

Author:

Guerrini Luca¹^ORCID,Sodini Mauro²

Affiliation:

1. Department of Management, Polytechnic University of Marche, Piazza Martelli 8, 60121 Ancona, Italy

2. Department of Economics and Management, University of Pisa, Via Cosimo Ridolfi 10, 56124 Pisa, Italy

Abstract

We introduce a time-to-build technology in a Solow model with nonconstant population. Our analysis shows that the population dynamics may be a source of stability switches and Hopf bifurcations. The analytical results are obtained using the recent technique introduced by Beretta and Kuang (2002) in the studying of delayed differential equations with delay-dependent coefficients in characteristic equation. Numerical simulations are performed in order to illustrate the main dynamic features of the model.

Publisher

Hindawi Limited

Subject

Applied Mathematics,Analysis

Link

http://downloads.hindawi.com/journals/aaa/2013/280925.pdf

Reference26 articles.

1. Population, Unemployment and Economic Growth Cycles: A Further Explanatory Perspective

2. Growing old and staying young: population policy in an ageing closed economy

3. Aging, Myopia, and the Pay-As-You-Go Public Pension Systems of the G7: A Bright Future?

4. Fertility Choice in a Model of Economic Growth

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