文章基本信息

标题：The Solow growth model with a CES production function and declining population
本地全文：下载
作者：Hiroaki Sasaki
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2019
卷号：39
期号：3
页码：1-11
出版社：Economics Bulletin
摘要：This study investigates the relationship between per capita output growth and population growth using the Solow growth model when population growth is negative. When the Cobb-Douglas production function is used, the per capita output growth rate can be positive even if the technological progress rate is zero. In contrast, when the CES production function is used, the per capita output growth rate is zero if the technological progress rate is zero and the elasticity of substitution between capital and labor is less than unity.