Oscillations in a Growth Model with Capital, Technology and Environment with Exogenous Shocks.
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 cha...
| Publicado en: | Academicus no. 12; pp. 73 - 94 |
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| Formato: | Artículo |
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Academicus
2015
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=112222970&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 112222970 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 20793715 BK4T jtl: Academicus issn: 20793715 maglogo: N pubinfo: dt: 2015 iid: 12 pid: 68858 pub: Academicus artinfo: ui: 112222970 10.7336/academicus.2015.12.05 ppf: 73 ppct: 21 formats: fmt: @attributes: type: P size: 2.9MB tig: atl: Oscillations in a Growth Model with Capital, Technology and Environment with Exogenous Shocks. aug: au: Wei-Bin Zhang affil: College of Asia Pacific Management Ritsumeikan Asia Pacific University, Japan su: Ecological disturbances Economic development research Technological innovations sug: subj: Ecological disturbances Economic development research Technological innovations keyword: economic growth economic oscillations perturbations technological change wealth accumulation ab: 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. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Academicus is the property of Academicus and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Academicus holder: Academicus dt: @attributes: year: 2015 holdings: @attributes: islocal: N |
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