Article ID Journal Published Year Pages File Type
1709754 Applied Mathematics Letters 2008 6 Pages PDF
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
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