13
views
0
recommends
+1 Recommend
1 collections
    0
    shares
      • Record: found
      • Abstract: found
      • Article: found
      Is Open Access

      Oscillations in a Growth Model with Capital, Technology and Environment with Exogenous Shocks

      1
      Academicus International Scientific Journal
      Academicus Journal

      Read this article at

      ScienceOpenPublisher
      Bookmark
          There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.

          Abstract

          This paper generalizes the dynamic growth model with wealth accumulation, technological change and environmental change by Zhang (2012) by making all the parameters as time-dependent parameters. The model treats physical capital accumulation, knowledge creation and utilization, and environmental change as endogenous variables. It synthesizes the basic ideas of the neoclassical growth theory, Arrow’s learning-by-doing model and the traditional dynamic models of environmental change within a comprehensive framework. The behavior of the household is described with an alternative approach to household behavior. We simulated the model to demonstrate existence of equilibrium points, motion of the dynamic system, and oscillations due to different exogenous shocks.

          Related collections

          Most cited references45

          • Record: found
          • Abstract: not found
          • Article: not found

          A Contribution to the Theory of Economic Growth

            Bookmark
            • Record: found
            • Abstract: not found
            • Article: not found

            On the mechanics of economic development

              Bookmark
              • Record: found
              • Abstract: not found
              • Article: not found

              Increasing Returns and Long-Run Growth

              Paul Romer (1986)
                Bookmark

                Author and article information

                Contributors
                (View ORCID Profile)
                Journal
                Academicus International Scientific Journal
                Academicus Journal
                20793715
                23091088
                July 2015
                July 2015
                : 12
                : 73-93
                Affiliations
                [1 ]Ritsumeikan Asia Pacific University, Japan
                Article
                10.7336/academicus.2015.12.05
                353372ce-5add-414f-a523-1699021fae60
                © 2015

                https://creativecommons.org/licenses/by-nc-nd/4.0/

                History

                Comments

                Comment on this article