A Discrete Two-Sector Economic Growth Model

Wei-Bin Zhang

Discrete Dynamics in Nature and Society, 2007, vol. 2007, 1-13

Abstract:

This paper studies a key model in economic theory — the two-sector growth model — with an alternative utility function. We show that the system has a unique stable equilibrium when the production functions take on the Cobb-Douglas form. We also simulate the model and demonstrate effects of changes in some parameters.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:089464

DOI: 10.1155/2007/89464

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