Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1709754 | Applied Mathematics Letters | 2008 | 6 Pages |
Abstract
In this work, an economic growth model with endogenous labor shift under a dual economy is given. It is proved that the model has unique nonzero equilibrium and its solution is globally asymptotically stable, and the aggregate capital growth of the industrial sector and the labor shift appear in eight different patterns at different initial conditions.
Related Topics
Physical Sciences and Engineering
Engineering
Computational Mechanics
Authors
Donghan Cai,