A Malthus-Swan-Solow model ofeconomic growth

Luis C.  Corchón

doi:10.3934/jdg.2016012

Article Contents

2016, Volume 3, Issue 3: 225-230. Doi: 10.3934/jdg.2016012

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A Malthus-Swan-Solow model of economic growth

Luis C. Corchón^1,

1.
Departmento de Economía, Universidad Carlos III de Madrid, Calle Madrid, 126, 28903 Getafe (Madrid)

Received: November 2015

Revised: February 2016

Published: July 2016

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Abstract

In this paper we introduce in the Solow-Swan growth model a labor supply based on Malthusian ideas. We show that this model may yield several steady states and that an increase in total factor productivity might decrease the capital-labor ratio in a stable equilibrium.

Keywords:

Malthus,
Solow,
growth,
population.

Mathematics Subject Classification: 37N40.

Citation:

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References

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