Title of article :
An economic growth model with endogenous labor shift under a dual economy
Original Research Article
Author/Authors :
Donghan Cai، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2008
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.
Keywords :
Two-sector model , Labor force shift , Nonzero equilibrium , Globally asymptotic stability , Dual economy
Journal title :
Applied Mathematics Letters
Journal title :
Applied Mathematics Letters