A Malthus-Swan-Solow model of economic growth Articles
- Journal of Dynamics and Games Journal
- July 2016
International Standard Serial Number (ISSN)
- 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.
- malthus; solow; multiplicity; steady states