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

Figure 1

(a) Graph of stability switch in terms of time delay if 𝑛<0 (parameter specification (26)); (b) associated bifurcation diagram; (c) phase plane for 𝜏=5; and (d) phase plane for 𝜏=5.6.

(a)

(b)

(c)

(d)