Malthus and Solow - a note on closed-form solutions
AbstractRecently, Jones (2002} and Barro and Sala-í-Martin (2004) pointed out that the neoclassical growth model with a Cobb-Douglas technology has a closed-form solution. This note makes a similar remark for the Malthusian model: I develop and characterize a closed-form solution. Moreover, I emphasize structural similarities between the Malthusian and the neoclassical model if the dynamic behavior is governed by a Bernoulli differential equation.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 10 (2004)
Issue (Month): 6 ()
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Find related papers by JEL classification:
- J1 - Labor and Demographic Economics - - Demographic Economics
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
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- S. Illeris & G. Akehurst, 2002. "Introduction," The Service Industries Journal, Taylor & Francis Journals, vol. 22(1), pages 1-3, January.
- Elvio Accinelli & Juan Gabriel Brida, 2005. "Re-formulation of the Solow economic growth model whit the Richards population growth law," GE, Growth, Math methods 0508006, EconWPA.
- Erick José Limas Maldonado & Juan Gabriel Brida, 2005. "Closed form solutions to a generalization of the Solow growth model," GE, Growth, Math methods 0510003, EconWPA.
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