Table of Contents Author Guidelines Submit a Manuscript
The Scientific World Journal
Volume 2014, Article ID 908629, 8 pages
http://dx.doi.org/10.1155/2014/908629
Research Article

Dynamic Properties of the Solow Model with Bounded Technological Progress and Time-to-Build Technology

1Department of Management, Polytechnic University of Marche, 60121 Ancona, Italy
2Department of Economics and Management, University of Pisa, 56124 Pisa, Italy

Received 30 August 2013; Accepted 12 February 2014; Published 19 March 2014

Academic Editors: F. Borondo and A. Favini

Copyright © 2014 Luca Guerrini and Mauro Sodini. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Linked References

  1. C. I. Jones, “R & D-based models of economic growth,” Journal of Political Economy, vol. 103, no. 4, pp. 759–784, 1995. View at Publisher · View at Google Scholar · View at Scopus
  2. P. Romer, “Endogenous technological change,” Journal of Political Economy, vol. 98, pp. 71–102, 1990. View at Google Scholar · View at Scopus
  3. C. I. Jones, “Time series tests of endogenous growth models,” Quarterly Journal of Economics, vol. 110, no. 2, pp. 495–525, 1995. View at Google Scholar · View at Scopus
  4. C. I. Jones and J. C. Williams, “Too much of a good thing? the economics of investment in R&D,” Journal of Economic Growth, vol. 5, no. 1, pp. 65–85, 2000. View at Google Scholar · View at Scopus
  5. R. M. Solow, “A contribution to the theory of economic growth,” Quarterly Journal of Economics, vol. 70, pp. 65–94, 1956. View at Google Scholar
  6. P. J. Zak, “Kaleckian lags in general equilibrium,” Review of Political Economy, vol. 11, pp. 321–330, 1999. View at Google Scholar
  7. M. Szydłowski, “Time to build in dynamics of economic models II: models of economic growth,” Chaos, Solitons and Fractals, vol. 18, no. 2, pp. 355–364, 2003. View at Publisher · View at Google Scholar · View at Scopus
  8. L. G. Arnold, “The dynamics of the Jones R & D growth model,” Review of Economic Dynamics, vol. 9, no. 1, pp. 143–152, 2006. View at Publisher · View at Google Scholar · View at Scopus
  9. M.-C. Zhou, “Effects of power law logistic technologies on economic growth,” Nonlinear Analysis: Real World Applications, vol. 12, no. 1, pp. 682–694, 2011. View at Publisher · View at Google Scholar · View at Scopus
  10. M. Ferrara, L. Guerrini, and M. Sodini, “Nonlinear dynamics in a Solow model with delay and non-convex technology,” Applied Mathematics and Computation, vol. 228, pp. 1–12, 2014. View at Google Scholar
  11. C. Bianca, F. Ferrara, and L. Guerrini, “Hopf bifurcations in a delayed-energy-based model of capital accumulation,” Applied Mathematics & Information Sciences, 7, pp. 139–143, 2013. View at Google Scholar
  12. C. Bianca, F. Ferrara, and L. Guerrini, “The Cai model with time delay: existence of periodic solutions and asymptotic analysis,” Applied Mathematics & Information Sciences, vol. 7, pp. 21–27, 2013. View at Google Scholar
  13. C. Bianca and L. Guerrini, “On the Dalgaard-Strulik model with logistic population growth rate and delayed-carrying capacity,” Acta Applicandae Mathematicae, vol. 128, pp. 39–48, 2013. View at Google Scholar
  14. L. Guerrini and M. Sodini, “Nonlinear dynamics in the Solow model with bounded population growth and time-to-build technology,” Abstract and Applied Analysis, vol. 2013, Article ID 836537, 6 pages, 2013. View at Publisher · View at Google Scholar
  15. L. Guerrini and M. Sodini, “Dynamic properties of the Solow model with increasing or decreasing population and time-to-build technology,” Abstract and Applied Analysis, vol. 2013, Article ID 280925, 7 pages, 2013. View at Publisher · View at Google Scholar
  16. E. Beretta and Y. Kuang, “Geometric stability switch criteria in delay differential systems with delay dependent parameters,” SIAM Journal on Mathematical Analysis, vol. 33, no. 5, pp. 1144–1165, 2002. View at Publisher · View at Google Scholar · View at Scopus
  17. B. Hassard, D. Kazarino, and Y. Wan, Theory and Application of Hopf Bifurcation, Cambridge University Press, 1981.