Dynamic Properties of the Solow Model with Bounded Technological Progress and Time-to-Build Technology
نویسندگان
چکیده
منابع مشابه
Dynamic Properties of the Solow Model with Bounded Technological Progress and Time-to-Build Technology
We introduce a time-to-build technology in a Solow model with bounded technological progress. Our analysis shows that the system may be asymptotically stable, or it can produce stability switches and Hopf bifurcations when time delay varies. The direction and the stability criteria of the bifurcating periodic solutions are obtained by the normal form theory and the center manifold theorem. Nume...
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ژورنال
عنوان ژورنال: The Scientific World Journal
سال: 2014
ISSN: 2356-6140,1537-744X
DOI: 10.1155/2014/908629