An economic model for oecd economies with truncated m-derivatives: Exact solutions and simulations
Por:
Quezada-Téllez L.A., Fernández-Anaya G., Brun-Battistini D., Nuñez-Zavala B., Macías-Díaz J.E.
Publicada:
1 ene 2021
Resumen:
This article proposes two conformal Solow models (with and without migration), accompanied by simulations for six Organisation for Economic Co-operation and Development economies. The models are proposed by employing suitable Inada conditions on the Cobb–Douglas function and making use of the truncated M-derivative for the Mittag–Leffler function. In the exact solutions derived in this manuscript, two new parameters play an important role in the convergence towards, or the divergence from, the steady state of capital and per capita product. The economical dynamics of these nations are influenced by the intensity of the capital and labor factors, as well as the level of depreciation, the labor force rate and the level of saving. © 2021 by the authors. Licensee MDPI, Basel, Switzerland.
Filiaciones:
Quezada-Téllez L.A.:
Departamento de Física y Matemáticas, Universidad Iberoamericana, Mexico City, 01219, Mexico
Fernández-Anaya G.:
Departamento de Física y Matemáticas, Universidad Iberoamericana, Mexico City, 01219, Mexico
Brun-Battistini D.:
Departamento de Física y Matemáticas, Universidad Iberoamericana, Mexico City, 01219, Mexico
Nuñez-Zavala B.:
Departamento de Física y Matemáticas, Universidad Iberoamericana, Mexico City, 01219, Mexico
Macías-Díaz J.E.:
Department of Mathematics and Didactics of Mathematics, Tallinn University, Tallinn, 10120, Estonia
Departamento de Matemáticas y Física, Universidad Autónoma de Aguascalientes, Aguascalientes, 20131, Mexico
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