Katugampola Generalized Conformal Derivative Approach to Inada Conditions and Solow-Swan Economic Growth Model

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Tác giả: D Brun-Battistini, G Fernández-Anaya, B Nuñez-Zavala, L. A Quezada-Téllez

Ngôn ngữ: eng

Ký hiệu phân loại: 338.9 Economic development and growth

Thông tin xuất bản: 2019

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 163055

Comment: This paper was submitted in Physica A: Statistical Mechanics and its Applications on December 13, 2017This article shows a new focus of mathematic analysis for the Solow-Swan economic growth model, using the generalized conformal derivative Katugampola (KGCD). For this, under the same Solow-Swan model assumptions, the Inada conditions are extended, which, for the new model shown here, depending on the order of the KGCD. This order plays an important role in the speed of convergence of the closed solutions obtained with this derivative for capital (k) and for per-capita production (y) in the cases without migration and with negative migration. Our approach to the model with the KGCD adds a new parameter to the Solow-Swan model, the order of the KGCD and not a new state variable. In addition, we propose several possible economic interpretations for that parameter.
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