arbiter
JournalsPricingAccount

Delay Solow Model Revisited

Akio Matsumoto & Ferenc Szidarovszky

Metroeconomica: international review of economics2025https://doi.org/10.1111/meca.12494article
AJG 1ABDC B
Weight
0.41

What the paper says

ABSTRACT This paper shows how cyclic behavior can emerge in a simple Solow capital accumulation model. For this purpose, it introduces a production delay (i.e., time‐to‐build) and a depreciation delay, and the resultant capital accumulation equation is a delay differential equation having delay‐dependent coefficients. Then, it constructs a condition under which the interaction of the delays and the population growth rate can lead to growth cycles that are not unlike those observed in reality. In particular, it is demonstrated that (i) the production delay alone is always harmless; (ii) with a lower population growth rate, the depreciation delay alone has a destabilizing effect if it is larger than a threshold value; (iii) with a larger population growth rate, the stable steady state arises regardless of the delay length. It is further demonstrated that multiple stability switchings can occur in the case of two distinct delays.

2 citations

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1111/meca.12494

Or copy a formatted citation

@article{akio2025,
  title        = {{Delay Solow Model Revisited}},
  author       = {Akio Matsumoto & Ferenc Szidarovszky},
  journal      = {Metroeconomica: international review of economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1111/meca.12494},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Delay Solow Model Revisited

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.41

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.25 × 0.4 = 0.10
M · momentum0.55 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.