Mathematical Modeling of Physical Capital Diffusion Using a Spatial Solow Model: Application to Smuggling in Venezuela

Mathematical Modeling of Physical Capital Diffusion Using a Spatial Solow Model: Application to Smuggling in Venezuela

This study proposes a mathematical modeling approach for the physical capital diffusion through the borders of countries. Physical capital is considered a crucial variable for the economic growth of a nation. Here, we use an extension of the economic Solow model to describe how smuggling affects the...

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Bibliographic Details
Main Authors: Gilberto González-Parra, Benito Chen-Charpentier, Abraham J. Arenas, Miguel Díaz-Rodríguez
Format: Article
Language:English
Published: MDPI AG 2022-07-01
Series:Economies
Subjects:
Solow model
mathematical modeling
physical capital
numerical simulation
Neumann boundary conditions
Online Access:https://www.mdpi.com/2227-7099/10/7/164

Internet

https://www.mdpi.com/2227-7099/10/7/164

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