Abstract
In this paper, a two-sector growth model is given. The labor force transfer process from agricultural sector to industrial sector is exogenous determined. By introducing the labor force transferring function, a two-dimension nonautonomous differential equation is obtained. The results of the model manifest that the labor force transfer delays industrial sector growth and accelerates the agricultural sector growth. It is proved that the solution of the model is asymptotic stable. By the numerical analysis, the economic growth and labor force transfer is presented under the specific parameters.
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Foundation item: Supported by the National Natural Science Foundation of China (79970104)
Biography: Cai Dong-han (1960-), male, Associate professor, research direction: mathematical economics.
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Dong-han, C., Ming-chun, Z. A two-sector economic growth model with labor force transfer. Wuhan Univ. J. of Nat. Sci. 8, 769–774 (2003). https://doi.org/10.1007/BF02900813
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DOI: https://doi.org/10.1007/BF02900813