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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Format: | Article |
Language: | English |
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MDPI AG
2020-11-01
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Series: | Mathematics |
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Online Access: | https://www.mdpi.com/2227-7390/8/11/2078 |