A Malthus-Swan-Solow model of economic growth Articles uri icon

publication date

  • July 2016

start page

  • 225

end page

  • 230

issue

  • 3

volume

  • 3

International Standard Serial Number (ISSN)

  • 2164-6074

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.

subjects

  • Economics

keywords

  • malthus; solow; multiplicity; steady states