A Malthus-Swan-Solow model of economic growth

Corchón, Luis C.

A Malthus-Swan-Solow model of economic growth

Autor(es): Corchón, Luis C.

Editorial: American Institute of Mathematical Sciences

Fecha de edición: 2016-07-01

Cita: 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.

ISSN: 2164-6066

DOI: https://doi.org/10.3934/jdg.2016012

Agradecimientos: The author acknowledges financial support from grants ECO2014-57442-P, MDM 2014-0431 and S2015/HUM-3444 and the hospitality of INET, Department of Economics, Cambridge University.

Versión del editor: https://doi.org/10.2139/ssrn.2013962

Proyecto: Gobierno de España. ECO2014-57442-P
Gobierno de España. MDM 2014-0431

Palabras clave: Malthus , Solow , Multiplicity , Steady states

Clasificación JEL: O11 , O41

URI: http://hdl.handle.net/10016/25154

Derechos: © American Institute of Mathematical Sciences

Resumen:

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 equili [+]

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