Spatial Dynamics for a Generalized Solow Growth Model
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 emplo...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Wiley
2018-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2018/6945032 |
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| _version_ | 1832548591940403200 |
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| author | Yue Zhong Wenyi Huang |
| author_facet | Yue Zhong Wenyi Huang |
| author_sort | Yue Zhong |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-29c8b00b1fa94cf4b0f449053992aa3c |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-29c8b00b1fa94cf4b0f449053992aa3c2025-02-03T06:13:29ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2018-01-01201810.1155/2018/69450326945032Spatial Dynamics for a Generalized Solow Growth ModelYue Zhong0Wenyi Huang1The School of Economic Mathematics, Southwestern University of Finance and Economics, Chengdu, Sichuan 611130, ChinaThe School of Economic Mathematics, Southwestern University of Finance and Economics, Chengdu, Sichuan 611130, ChinaThe 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.http://dx.doi.org/10.1155/2018/6945032 |
| spellingShingle | Yue Zhong Wenyi Huang Spatial Dynamics for a Generalized Solow Growth Model Discrete Dynamics in Nature and Society |
| title | Spatial Dynamics for a Generalized Solow Growth Model |
| title_full | Spatial Dynamics for a Generalized Solow Growth Model |
| title_fullStr | Spatial Dynamics for a Generalized Solow Growth Model |
| title_full_unstemmed | Spatial Dynamics for a Generalized Solow Growth Model |
| title_short | Spatial Dynamics for a Generalized Solow Growth Model |
| title_sort | spatial dynamics for a generalized solow growth model |
| url | http://dx.doi.org/10.1155/2018/6945032 |
| work_keys_str_mv | AT yuezhong spatialdynamicsforageneralizedsolowgrowthmodel AT wenyihuang spatialdynamicsforageneralizedsolowgrowthmodel |