The Solow-Swan model is shortly reviewed from a mathematical point of view. By considering non-constant returns to scale, we obtain a general solution strategy. We then compute the exact solution for the Cobb-Douglas production function, for both the classical model and the von Bertalanffy model. Numerical results are eventually provided.
Exact solutions for a Solow-Swan model with non-constant returns to scale / Cangiotti, N.; Sensi, M.. - In: INDIAN JOURNAL OF PURE & APPLIED MATHEMATICS. - ISSN 0019-5588. - 54:4(2023), pp. 1278-1285. [10.1007/s13226-022-00341-7]
Exact solutions for a Solow-Swan model with non-constant returns to scale
Sensi M.
2023
Abstract
The Solow-Swan model is shortly reviewed from a mathematical point of view. By considering non-constant returns to scale, we obtain a general solution strategy. We then compute the exact solution for the Cobb-Douglas production function, for both the classical model and the von Bertalanffy model. Numerical results are eventually provided.File in questo prodotto:
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Utilizza questo identificativo per citare o creare un link a questo documento:
https://hdl.handle.net/11583/2993449