On Capital Dependent Dynamics of Knowledge.pdfVIP

6 0 0 2 g u A On Capital Dependent Dynamics of Knowledge ∗ 0 2 Marek Szydlowski ] h p Astronomical Observatory, Jagiellonian University - Orla 171, 30244 Krak´ow, Poland c M. Kac Complex Systems Research Centre, Jagiellonian University o Reymonta 4, 30059 Krak´ow, Poland s . uoszydlo@cyf-kr.edu.pl s c i and s y Adam Krawiec h p [ Institute of Public Affairs, Jagiellonian University Rynek Gl´owny 8, 31042 Krak´ow, Poland 1 M. Kac Complex Systems Research Centre, Jagiellonian University v Reymonta 4, 30059 Krak´ow, Poland 7 9 uukrawie@cyf-kr.edu.pl 1 8 0 6 0 We investigate the dynamics of growth models in terms of dynamical / s system theory. We analyse some forms of knowledge and its influence on c economic growth. We assume that the rate of change of knowledge de i s pends on both the rate of change of physical and human capital. First, we y study model with constant savings. The model with optimised behaviour h of households is also considered. We show that the model where the rate of p : change of knowledge depends only on the rate of change of physical capital v can be reduced to the form of the twodimensional autonomous dynamical i X system. All possible evolutional paths and the stability of solutions in the r phase space are discussed in details. We