Exact solutions for a Solow-Swan model with non-constant returns to scale

• Tác giả: Nicolò Cangiotti, Mattia Sensi
• Ngôn ngữ: eng
• Ký hiệu phân loại: 519.7 Programming
• Thông tin xuất bản: 2020
• Bộ sưu tập: Báo, Tạp chí
• ID: 165021

Tóm tắt

Comment: 10 pages, 4 figuresThe Solow-Swan model is shortly reviewed from a mathematical point of view. By considering non-constant returns to scale, we obtain a general solution strategy. We then compute the exact solution for the Cobb-Douglas production function, for both the classical model and the von Bertalanffy model. Numerical simulations are provided.