This paper analyses different feedback processes arising from physical and human capital accumulation as well as from technological change, which are considered general factors to promote the growth in any economy by economic literature. A dynamic system is constructed to explain the relative influence of these factors on the rate of economic growth in a generic economy. The development of the model requires to analyse different interactions among variables linked to decisions of the agents that participate in the economy, particularly certain variables associated to the labour market are examined. Using a system dynamics simulation the conditions under which a smaller number of hours devoted to the labour market could imply a greater labour productivity are characterized.

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Date created

• 2006 July 23-2006 July 27

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

License

• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

Part of

32937c7b43e3e015509bb71fd40d2054

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Part of

f9377a3ac7b50b1fca5e04fb6d679ec2

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Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives