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Are there Limits to Growth?

Author

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  • Oli Hawrylyshyn
  • Shlomo Maital

Abstract

This paper reviews a number of criticisms made of the World Model. These criticisms suggest substantially greater parameter change than allowed by the original studies. When this is done, the results change, and the basic behaviour mode can exhibit , depending on the parameter values, collapse, damped-oscillation, or a smooth approach to high-level equilibrium.

Suggested Citation

  • Oli Hawrylyshyn & Shlomo Maital, 1973. "Are there Limits to Growth?," Working Paper 142, Economics Department, Queen's University.
  • Handle: RePEc:qed:wpaper:142
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