Project CEMAPRE internal
|Title||Periodic versus oscillating solutions in Solow growth model|
|Participants||Maria J Borges, Maria de Fátima Fabião Ribeiro (Principal Investigator), João P Teixeira|
|Summary||In [2015, Long cycles in a modified Solow growth model] the labor growth rate was considered a|
periodic function, following quantitative empirical evidence. The results obtained have proved the
existence of long cycles.
The present project concerns with a new look on the labor growth rate. On the one hand consider it
as a production function, and on the other introduce a delay parameter to obtain a delay
differential equation that allows the model to exhibit oscillating solutions.