Long cycles versus time delays in a modified Solow growth model
In this work, we study the dynamics of Solow’s economic growth model assuming that the labor force growth rate function, n(t), is a solution of a delay differential equation. This approach is motivated by the fact that there are delays in entering and retiring an individual from the labor force, rel...
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Veröffentlicht in: | Eurasia Business and Economics Society (26. : 2018 : Prag) Eurasian economic perspectives |
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Sprache: | eng |
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2020
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