Transitional Dynamics in the Solow-Swan Growth Model with AK Technology and Logistic Population Change

Alberto Bucci () and Luca Guerrini ()

The B.E. Journal of Macroeconomics, 2009, vol. 9, issue 1, 17

Abstract: This paper offers an alternative way, based on the logistic population growth hypothesis, to produce transitional dynamics in the standard AK framework with an exogenous savings rate. In the model the growth rate of the aggregate stock of capital is independent of the evolution of population and always constant, whereas the growth rate of population, though independent of the law of motion of capital, varies over time. Hence, non monotonicity in the per-capita capital level and growth rate can be observed.

Keywords: transitional dynamics; AK model; economic growth; population dynamics; physical capital investment (search for similar items in EconPapers)
Date: 2009
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Working Paper: 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 (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejmac:v:9:y:2009:i:1:n:43

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DOI: 10.2202/1935-1690.1954

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