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Dynamic Properties of the Solow Model with Increasing or Decreasing Population and Time-to-Build Technology

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  • Luca Guerrini
  • Mauro Sodini

Abstract

We introduce a time-to-build technology in a Solow model with nonconstant population. Our analysis shows that the population dynamics may be a source of stability switches and Hopf bifurcations. The analytical results are obtained using the recent technique introduced by Beretta and Kuang (2002) in the studying of delayed differential equations with delay-dependent coefficients in characteristic equation. Numerical simulations are performed in order to illustrate the main dynamic features of the model.

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  • Luca Guerrini & Mauro Sodini, 2013. "Dynamic Properties of the Solow Model with Increasing or Decreasing Population and Time-to-Build Technology," Abstract and Applied Analysis, Hindawi, vol. 2013, pages 1-7, December.
    • Handle: RePEc:hin:jnlaaa:280925
    DOI: 10.1155/2013/280925
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    Cited by:

    1. Gori, Luca & Guerrini, Luca & Sodini, Mauro, 2015. "A continuous time Cournot duopoly with delays," Chaos, Solitons & Fractals, Elsevier, vol. 79(C), pages 166-177.
    2. Shunsuke Shinagawa & Eiji Tsuzuki, 2019. "Policy Lag and Sustained Growth," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 5(3), pages 403-431, October.

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