Malthus and Solow - a note on closed-form solutions

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.

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Year of publication:	2004-09-02
Authors:	Irmen, Andreas
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 10.2004, 6, p. 1-6
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	J1 - Demographic Economics ; O1 - Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010630057