- Tytuł:
- Oscillations in a Growth Model with Capital, Technology and Environment with Exogenous Shocks
- Autorzy:
- Zhang, Wei-Bin
- Powiązania:
- https://bibliotekanauki.pl/articles/1036569.pdf
- Data publikacji:
- 2015
- Wydawca:
- Academicus. International Scientific Journal publishing house
- Tematy:
-
perturbations
economic oscillations
economic growth
technological change
wealth accumulation - Opis:
- This paper generalizes the dynamic growth model with wealth accumulation, technological change and environmental change by Zhang (2012) by making all the parameters as time-dependent parameters. The model treats physical capital accumulation, knowledge creation and utilization, and environmental change as endogenous variables. It synthesizes the basic ideas of the neoclassical growth theory, Arrow’s learning-by-doing model and the traditional dynamic models of environmental change within a comprehensive framework. The behavior of the household is described with an alternative approach to household behavior. We simulated the model to demonstrate existence of equilibrium points, motion of the dynamic system, and oscillations due to different exogenous shocks.
- Źródło:
-
Academicus International Scientific Journal; 2015, 12; 73-93
2079-3715
2309-1088 - Pojawia się w:
- Academicus International Scientific Journal
- Dostawca treści:
- Biblioteka Nauki
Artykuł