Economics at your fingertips  

Oscillations in a Growth Model with Capital, Technology and Environment with Exogenous Shocks

Wei-Bin Zhang ()

Academicus International Scientific Journal, 2015, issue 12, 73-93

Abstract: 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.

Keywords: perturbations; economic oscillations; economic growth; technological change; wealth accumulation (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Academicus International Scientific Journal is currently edited by Arta Musaraj

More articles in Academicus International Scientific Journal from Entrepreneurship Training Center Albania Contact information at EDIRC.
Bibliographic data for series maintained by Gabor Vasmatics ().

Page updated 2019-04-22
Handle: RePEc:etc:journl:y:2015:i:12:p:73-93