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Modified Verhulst-Solow model for long-term population and economic growths

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  • Iram Gleriaa
  • Sergio Da Silvab
  • Leon Brenig
  • Tarc{i}sio M. Rocha Filho
  • Annibal Figueiredo

Abstract

In this study, we analyze the relationship between human population growth and economic dynamics. To do so, we present a modified version of the Verhulst model and the Solow model, which together simulate population dynamics and the role of economic variables in capital accumulation. The model incorporates support and foraging functions, which participate in the dynamic relationship between population growth and the creation and destruction of carrying capacity. The validity of the model is demonstrated using empirical data.

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  • Iram Gleriaa & Sergio Da Silvab & Leon Brenig & Tarc{i}sio M. Rocha Filho & Annibal Figueiredo, 2023. "Modified Verhulst-Solow model for long-term population and economic growths," Papers 2308.08315, arXiv.org.
    • Handle: RePEc:arx:papers:2308.08315
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    References listed on IDEAS

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    1. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
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