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

PŘIBYLOVÁ, Lenka. The Solow-Swan model generalization with non-constant labor growth rate. Bulletin of the Czech Econometric Society. Praha: Czech Econometric Society, 2011, 18(2011), No 28, p. 20-32. ISSN 1212-074X.

Basic information

Original name

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

Name in Czech

Zobecneny Solow-Swanuv model s nekonstantni mirou rustu pracovni sily

Authors

PŘIBYLOVÁ, Lenka (203 Czech Republic, guarantor, belonging to the institution)

Edition

Bulletin of the Czech Econometric Society, Praha, Czech Econometric Society, 2011, 1212-074X

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Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

10101 Pure mathematics

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

URL

RIV identification code

RIV/00216224:14310/11:00052386

Organization unit

Faculty of Science

Keywords (in Czech)

Solow model; populacni rust; stabilita; chaos

Keywords in English

Solow model; population growth; stability; chaos

Tags

AKR, rivok

Tags

International impact, Reviewed

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Abstract

V originále

Generalization of the neoclassical one-sector Solow-Swan model and its modication 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. We found that instabilities and complex dynamics may be driven by the capital{labor ratio dynamics, labor dynamics or both together.