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  • 标题:The Solow model in discrete time and decreasing population growth rate
  • 本地全文:下载
  • 作者:Juan Sebastián Pereyra ; Juan Gabriel Brida
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2008
  • 卷号:3
  • 出版社:Economics Bulletin
  • 摘要:This paper reformulates the neoclassical Solow-Swan model of economic growth in discrete time by introducing a generic population growth law that verifies the following properties: 1) population is strictly increasing and bounded 2) the rate of growth of population is decreasing to zero as time tends to infinity. We show that in the long run the capital per worker of the model converges to the non-trivial steady state of the Solow Swan model with zero labor growth rate. In addition we prove that the solutions of the model are asymptotically stable.
  • 关键词:Solow model
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