Spatial Dynamics for a Generalized Solow Growth Model

Yue Zhong and Wenyi Huang

Discrete Dynamics in Nature and Society, 2018, vol. 2018, 1-8

Abstract:

The existence of nontrivial equilibrium and poverty traps for a generalized Solow growth model with concave and nonconcave production functions is investigated. The explicit solutions of the growth model, which is expressed by a differential equation with corresponding boundary conditions, are employed to illustrate the spatial dynamics of the model in different economic regions. Numerical method is used to justify the validity of the theoretical analysis.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:6945032

DOI: 10.1155/2018/6945032

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