Malthus and Solow − a note on closed−form solutions
نویسنده
چکیده
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. I like to thank Hendrik Hakenes and Tarek Hassan for helpful comments. Citation: Irmen, Andreas, (2004) "Malthus and Solow − a note on closed−form solutions." Economics Bulletin, Vol. 10, No. 6 pp. 1−6 Submitted: August 27, 2004. Accepted: September 2, 2004. URL: http://www.economicsbulletin.com/2004/volume10/EB−04J10002A.pdf Malthus and Solow A Note on Closed-Form Solutions 2
منابع مشابه
Malthus to Solow.
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