Harrod–Domar Growth Model with Memory and Distributed Lag

Harrod–Domar Growth Model with Memory and Distributed Lag

In this paper, we propose a macroeconomic growth model, in which we take into account memory with power-law fading and gamma distributed lag. This model is a generalization of the standard Harrod–Domar growth model. Fractional differential equations of this generalized model with memory and lag are...

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Bibliographic Details
Main Authors: Vasily E. Tarasov, Valentina V. Tarasova
Format: Article
Language:English
Published: MDPI AG 2019-01-01
Series:Axioms
Subjects:
fractional differential equations
fractional derivative
time delay
distributed lag
gamma distribution
macroeconomics
Harrod–Domar model.
Online Access:http://www.mdpi.com/2075-1680/8/1/9

Internet

http://www.mdpi.com/2075-1680/8/1/9

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