Parameter estimation of the Solow–Swan fundamental differential equation

Background: The Solow–Swan model describes the long-term growth of the capital to labor ratio by the fundamental differential equation of Solow–Swan theory. In conventional approaches, this equation was fitted to data using additional information, such as the rates of population growth, capital depr...

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Bibliographic Details
Main Authors: Norbert Brunner, Georg Mayrpeter, Manfred Kühleitner
Format: Article
Language:English
Published: Elsevier 2022-10-01
Series:Heliyon
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2405844022021041