On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics
Joint Authors
Michetti, Elisabetta
Mammana, Cristiana
Grassetti, F.
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-10-09
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
This paper introduces a sigmoidal production function that considers production possible even when the only input is labour.
The long-run behaviour of an economy described by the neoclassical Solow-type growth model with differential savings is investigated considering the technology presented.
It is found that labour productivity influences the existence of boom and bust periods as well as the level of capital per capita in equilibrium.
American Psychological Association (APA)
Grassetti, F.& Mammana, Cristiana& Michetti, Elisabetta. 2018. On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics. Discrete Dynamics in Nature and Society،Vol. 2018, no. 2018, pp.1-9.
https://search.emarefa.net/detail/BIM-1152742
Modern Language Association (MLA)
Grassetti, F.…[et al.]. On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics. Discrete Dynamics in Nature and Society No. 2018 (2018), pp.1-9.
https://search.emarefa.net/detail/BIM-1152742
American Medical Association (AMA)
Grassetti, F.& Mammana, Cristiana& Michetti, Elisabetta. On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics. Discrete Dynamics in Nature and Society. 2018. Vol. 2018, no. 2018, pp.1-9.
https://search.emarefa.net/detail/BIM-1152742
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1152742
