On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics
This paper introduces a sigmoidal production function that considers production possible even when the only input is labour. The long-run behaviour of an economy described by the neoclassical Solow-type growth model with differential savings is investigated considering the technology presented. It i...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2018-01-01
|
| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2018/6831508 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832549552300752896 |
|---|---|
| author | F. Grassetti C. Mammana E. Michetti |
| author_facet | F. Grassetti C. Mammana E. Michetti |
| author_sort | F. Grassetti |
| collection | DOAJ |
| description | This paper introduces a sigmoidal production function that considers production possible even when the only input is labour. The long-run behaviour of an economy described by the neoclassical Solow-type growth model with differential savings is investigated considering the technology presented. It is found that labour productivity influences the existence of boom and bust periods as well as the level of capital per capita in equilibrium. |
| format | Article |
| id | doaj-art-f1be6d24808047c0bd889acefbfd84d0 |
| 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-f1be6d24808047c0bd889acefbfd84d02025-02-03T06:11:06ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2018-01-01201810.1155/2018/68315086831508On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex DynamicsF. Grassetti0C. Mammana1E. Michetti2Department of Economics and Law, University of Macerata, Macerata, ItalyDepartment of Economics and Law, University of Macerata, Macerata, ItalyDepartment of Economics and Law, University of Macerata, Macerata, ItalyThis paper introduces a sigmoidal production function that considers production possible even when the only input is labour. The long-run behaviour of an economy described by the neoclassical Solow-type growth model with differential savings is investigated considering the technology presented. It is found that labour productivity influences the existence of boom and bust periods as well as the level of capital per capita in equilibrium.http://dx.doi.org/10.1155/2018/6831508 |
| spellingShingle | F. Grassetti C. Mammana E. Michetti On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics Discrete Dynamics in Nature and Society |
| title | On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics |
| title_full | On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics |
| title_fullStr | On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics |
| title_full_unstemmed | On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics |
| title_short | On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics |
| title_sort | on the effect of labour productivity on growth endogenous fluctuations and complex dynamics |
| url | http://dx.doi.org/10.1155/2018/6831508 |
| work_keys_str_mv | AT fgrassetti ontheeffectoflabourproductivityongrowthendogenousfluctuationsandcomplexdynamics AT cmammana ontheeffectoflabourproductivityongrowthendogenousfluctuationsandcomplexdynamics AT emichetti ontheeffectoflabourproductivityongrowthendogenousfluctuationsandcomplexdynamics |