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Keywords: dynamical systems
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Journal Articles
Journal:
Review of Behavioral Economics
Review of Behavioral Economics (2022) 9 (4): 333–377.
Published: 02 November 2022
... process whereby firms determine capital needs and make investment decisions on a micro level. We derive equations for aggregate demand from this micro setting and embed them in the Solow growth economy. As a result, we obtain a closed-form dynamical system with which we study economic fluctuations...
