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A Malthus-Swan-Solow model of economic growth

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URI: https://hdl.handle.net/10016/25154
ISSN: 2164-6066
DOI: https://doi.org/10.3934/jdg.2016012
UXXI: AR/0000019750
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malthus_corchon_JDG_2016_ps.pdf (1010.08 KB)
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2016-07-01
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American Institute of Mathematical Sciences
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Abstract
In this paper we introduce in the Solow-Swan growth model alabor supply based on Malthusian ideas. We show that this model may yieldseveral steady states and that an increase in total factor productivity mightdecrease the capital-labor ratio in a stable equilibrium.
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Malthus, Solow, Multiplicity, Steady states
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Corchón Díaz, L.C (2016). A Malthus-Swan-Solow model of economic growth. Journal of Dynamics and Games, v. 3, n. 3, pp. 225-230.
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