Transitional dynamics in the Solow-Swan growth model with AK technology and logistic population change

Alberto Bucci () and Luca Guerrini ()

Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano

Abstract: This paper offers an alternative way, based on the logistic population growth hypothesis, to yield transitional dynamics in the standard AK model with exogenous savings rate. Within this framework, we show that the dynamics of the capital stock per person and its growth rate can be non-monotonic over time. Moreover, even in the presence of negative growth, the capital stock per-capita can converge to a strictly positive level (different from the initial level) when time goes to infinity. In general, the analysis allows us to conclude that the dynamics of the Solow-Swan model with linear technology and logistic population growth is richer than the one with exponential population growth.

Keywords: Transitional dynamics; AK model; Economic growth; Population dynamics; Physical capital investment (search for similar items in EconPapers)
JEL-codes: C61 J10 O16 O41 (search for similar items in EconPapers)
Date: 2008-12-19
New Economics Papers: this item is included in nep-dev, nep-dge and nep-fdg
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Related works:
Journal Article: Transitional Dynamics in the Solow-Swan Growth Model with AK Technology and Logistic Population Change (2009)
Working Paper: Transitional Dynamics in the Solow-Swan Growth Model with AK Technology and Logistic Population Change (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:mil:wpdepa:2008-44

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