A Generalized Solow-Swan Model

作者:Cai Donghan*; Ye Hui; Gu Longfei
来源:Abstract and Applied Analysis, 2014, 2014: 395089.
DOI:10.1155/2014/395089

摘要

We set up a generalized Solow-Swan model to study the exogenous impact of population, saving rate, technological change, and labor participation rate on economic growth. By introducing generalized exogenous variables into the classical Solow-Swan model, we obtain a nonautomatic differential equation. It is proved that the solution of the differential equation is asymptotically stable if the generalized exogenous variables converge and does not converge when one of the generalized exogenous variables persistently oscillates.

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