On the effect of labour productivity on growth: endogenous fluctuations and complex dynamics (Q1727192)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: On the effect of labour productivity on growth: endogenous fluctuations and complex dynamics |
scientific article; zbMATH DE number 7026648
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On the effect of labour productivity on growth: endogenous fluctuations and complex dynamics |
scientific article; zbMATH DE number 7026648 |
Statements
On the effect of labour productivity on growth: endogenous fluctuations and complex dynamics (English)
0 references
20 February 2019
0 references
Summary: 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.
0 references
0 references
0 references
0 references
0 references
0 references
