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Malthus and Solow - a note on closed-form solutions

Author

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  • Andreas Irmen

    () (University of Mannheim)

Abstract

Recently, 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.

Suggested Citation

  • Andreas Irmen, 2004. "Malthus and Solow - a note on closed-form solutions," Economics Bulletin, AccessEcon, vol. 10(6), pages 1-6.
  • Handle: RePEc:ebl:ecbull:eb-04j10002
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    File URL: http://www.accessecon.com/pubs/EB/2004/Volume10/EB-04J10002A.pdf
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    References listed on IDEAS

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    1. S. Illeris & G. Akehurst, 2002. "Introduction," The Service Industries Journal, Taylor & Francis Journals, vol. 22(1), pages 1-3, January.
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    Cited by:

    1. 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.
    2. 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.
    3. Li, Defu & Huang, Jiuli, 2014. "Uzawa(1961)’s Steady-State Theorem in Malthusian Model," MPRA Paper 55329, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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