The Solow Model With Logistic Manpower: A Stability Analysis

摘要: In standard economic growth theory it is assumed that labour force follows exponential growth, a not realistic assumption. As described in, for example, Maynard Smith, Ref. 1, the of natural populations more accurately depicted by logistic law. This paper analyzes how neoclassic Solow-Swan model, see 2 and 3, affected population, comparing with classic malthusian model. We show law, intrinsic rate population plays no role in determining long run equilibrium per worker level capital. addition, we tackle stability model setting off its against steady state traditional one.