Malthus and Solow - a note on closed-form solutions

Andreas Irmen

Economics Bulletin, 2004, vol. 10, issue 6, 1-6

Abstract: Recently, Jones (2002} and Barro and Sala-í-Martin (2004) pointed out that the neoclassical growth model with a Cobb-Douglas technology has a closed-form solution. This note makes a similar remark for the Malthusian model: I develop and characterize a closed-form solution. Moreover, I emphasize structural similarities between the Malthusian and the neoclassical model if the dynamic behavior is governed by a Bernoulli differential equation.

JEL-codes: J1 O1 (search for similar items in EconPapers)
Date: 2004-09-02
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Citations: View citations in EconPapers (6)

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