The Four-terminal floating nullor (FTFN) and its applications.
Husain Abdullah Al-Zäher · Research Publication Repository of King Fahd University of Petroleum and Minerals (King Fahd University of Petroleum and Minerals) · 1997
In this paper we review some Solow-type growth models, framed is discrete time, which are able to generate complex dynamic behaviour.For these models -put forward by Day (1982Day ( , 1983)); Böhm and Kaas (2000); and Commendatore (2005) -we show that crucial features which could determine the emergence of regular or irregular growth cycles are (i) if the average saving ratio is constant or not; and (ii) the curvature of production function, representing the degree of substitutability between labour and capital.The lower the degree of substitutability, the higher the likelihood of complex behaviour.