Serial Article
| DOI |
10.7336/academicus.2015.12.05 |
| URL |
https://academicus.edu.al/?subpage=volumes&nr=12 |
| Multiple Resolution: |
| MR URL |
https://academicus.edu.al |
| MR URL |
https://academicus.edu.al/nr12/Academicus-MMXV-12-073-093.html |
| MR URL |
https://academicus.edu.al/nr12/Academicus-MMXV-12-073-093.pdf |
| MR URL |
mailto:info@academicus.edu.al |
| MR URL |
https://academicus.edu.al/images/front_end/academicus.jpg |
| MR URL |
https://creativecommons.org/licenses/by-nc-nd/4.0/ |
| Acess Indicators: |
|
OA – Open Access |
| OA License |
https://creativecommons.org/licenses/by-nc-nd/4.0/ |
Full Title
English
(eng)
|
Academicus International Scientific Journal |
| Publisher (01) |
Academicus International Scientific Journal |
| Country of publication |
Albania
(AL)
|
|
ISSN
|
20793715 |
| Product Form |
Printed Journal
(JB)
|
|
ISSN
|
23091088 |
| Product Form |
Online Journal
(JD)
|
| Journal Volume Number |
12 |
| Journal Issue Date (YYYY/MM) |
2015 / 07 |
Title
English
(eng)
|
Oscillations in a Growth Model with Capital, Technology and Environment with Exogenous Shocks |
| Number of Pages |
21 |
| First Page |
73 |
| Last Page |
93 |
| Language of text |
English
(eng)
|
| Publication Date (YYYY/MM) |
2015 / 07 |
| Copyright |
2015, Academicus |
Abstract
Main description
(01)
|
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.
|
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