A Malthus-Swan-Solow Model of Economic Growth

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2012 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Corchón, Luis C.;

doi: 10.2139/ssrn.2013962 , 10.3934/jdg.2016012

handle: 10016/25154

A Malthus-Swan-Solow Model of Economic Growth

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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.

Related Organizations

Carlos III University of Madrid
Spain

Keywords

Malthus, Steady states, O11, Labor market, contracts, O41, population, economic growth, Economía, Multiplicity, Dynamical systems in optimization and economics, Solow

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