- Autor
- Filipowicz Katarzyna (Uniwersytet Jagielloński), Misiak Tomasz (Rzeszow University of Technology), Tokarski Tomasz (Uniwersytet Jagielloński)
- Tytuł
- Bipolar Growth Model with Investment Flows
- Źródło
- Economics and Business Review, 2016, vol. 2 (16), nr 3, s. 32-56, tab., wykr., bibliogr. 27 poz.
- Słowa kluczowe
- Model wzrostu gospodarczego, Modele wzrostu, Wzrost gospodarczy, Konwergencja gospodarcza
Economic growth model, Growth model, Economic growth, Economic convergence - Uwagi
- summ.
- Abstrakt
- The aim of the present study is to design a bipolar model of economic growth with investment flows between two types of economies (conventionally referred to as relatively rich economies and relatively poor economies). Therefore in the following considerations it is assumed that the process of capital accumulation depends on investments undertaken in the economy. At the same time the Solow growth model takes into account only investments financed by domestic savings, whereas in the bipolar growth model also the investment flows between rich and poor economies are considered. It is assumed that both relatively rich economies are investing in the relatively poor economies and the poor economies make investments in the rich economies. The paper analyses the long-term equilibrium of the growth model, both in terms of existence of steady states of the system of differential equations and in terms of the stability of a non-trivial steady state. What is more economic characteristics of the point of the long-term equilibrium of the model are examined, model parameters are calibrated and growth paths of basic macroeconomic variables in selected variants of numerical simulations are presented. (original abstract)
- Dostępne w
- Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka SGH im. Profesora Andrzeja Grodka
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu - Pełny tekst
- Pokaż
- Bibliografia
-
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- Cytowane przez
- ISSN
- 2392-1641
- Język
- eng
- URI / DOI
- http://dx.doi.org/10.18559/ebr.2016.3.4
