A Malthus-Swan-Solow Model of Economic Growth
| Author | : Luis C. Corchón |
| Publisher | : |
| Total Pages | : 9 |
| Release | : 2017 |
| ISBN-10 | : OCLC:1305543597 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis A Malthus-Swan-Solow Model of Economic Growth by : Luis C. Corchón
Download or read book A Malthus-Swan-Solow Model of Economic Growth written by Luis C. Corchón and published by . This book was released on 2017 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we introduce a labor supply based on Malthusian ideas in the Solow-Swan growth model (without technical progress). We show that this model may yield several steady state values of per capita income and that an increase in total factor productivity might decrease the capital-labor ratio in a stable steady state.