A Malthus-Swan-Solow Model of Economic Growth

9 Pages Posted: 1 Mar 2012 Last revised: 20 Nov 2017

See all articles by Luis C. Corchón

Luis C. Corchón

Charles III University of Madrid - Department of Economics

Date Written: February 15, 2016

Abstract

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.

Keywords: Malthus, Solow, multiplicity, steady states

JEL Classification: O11, O41

Suggested Citation

Corchón Diaz, Luis Carlos, A Malthus-Swan-Solow Model of Economic Growth (February 15, 2016). Available at SSRN: https://ssrn.com/abstract=2013962 or http://dx.doi.org/10.2139/ssrn.2013962

Luis Carlos Corchón Diaz (Contact Author)

Charles III University of Madrid - Department of Economics ( email )

Calle Madrid 126
Getafe, 28903
Spain

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