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On the dynamics of a three-sector growth model |
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| Authors: | Massimiliano Ferrara Luca Guerrini |
| Institution: | (1) Department of Historical, Law, Economics and Social Sciences, Mediterranean University of Reggio Calabria, Via dei Bianchi (Palazzo Zani) 2, 89100 Reggio Calabria, Italy;(2) Department of Mathematics for Economic and Social Sciences, University of Bologna, Viale Quirico Filopanti 5, 40126 Bologna, Italy |
| Abstract: | Uzawa’s two-sector growth model is extended into a three-sector model, where the labor growth rate is variable and bounded over time. The solution of this economic system is determined, as well as its long-run growth and asymptotic stability are investigated. |
| Keywords: | Three sector growth models Variable population growth rate |
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