The Solow model in discrete time and decreasing population growth rate

Juan Pereyra () and Juan Brida

Economics Bulletin, 2008, vol. 3, issue 41, 1-14

Abstract: This paper reformulates the neoclassical Solow-Swan model of economic growth in discrete time by introducing a generic population growth law that verifies the following properties: 1) population is strictly increasing and bounded 2) the rate of growth of population is decreasing to zero as time tends to infinity. We show that in the long run the capital per worker of the model converges to the non-trivial steady state of the Solow Swan model with zero labor growth rate. In addition we prove that the solutions of the model are asymptotically stable.

Keywords: Solow; model (search for similar items in EconPapers)
JEL-codes: C6 O4 (search for similar items in EconPapers)
Date: 2008-08-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2008/Volume3/EB-08C60002A.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-08c60002

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().