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

Figure 3

Parameter specification (27): (a) bifurcation diagram with respect to 𝜏; (b) phase plane for 𝜏=4; (c) phase plane for 𝜏=10; and (d) phase plane for 𝜏=15.

(a)

(b)

(c)

(d)