Non-Linear Macroeconomic Models of Growth with Memory

In this article, two well-known standard models with continuous time, which are proposed by two Nobel laureates in economics, Robert M. Solow and Robert E. Lucas, are generalized. The continuous time standard models of economic growth do not account for memory effects. Mathematically, this is due to...

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Bibliographic Details
Main Author: Vasily E. Tarasov
Format: Article
Language:English
Published: MDPI AG 2020-11-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/8/11/2078