In standard economic growth theory it is usually assumed that labor force follows exponential growth. That is not a realistic assumption. In this paper we introduce a generalized logistic equation (Richards law) that describes more accurately population growth. Then we analyze the neoclassical...

This paper studies an extension of the Mankiw-Romer-Weil growth model by departing from the standard assumption of constant population growth rate. More concretely, this rate is assumed to be decreasing over time and a general population growth law verifying this characteristic is introduced. In...

This paper extends the Ramsey-Cass-Koopmans growth model of optimal capital accumulation in discrete time by introducing a generic population growth law that satisfies the following properties: population is strictly increasing and bounded, and the population growth rate is decreasing to zero as...

In standard economic growth theory it is assumed that labor force follows exponential growth, a not realistic assumption. As described in [4] the growth of natural populations is more accurately depicted by a logistic growth law. In this paper we analyze how the Ramsey growth model is affected...

This paper reformulates the neoclassical Solow 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...

One of the key elements in any standard economic growth theory is that population growth exponentially at a constant rate n gt; 0. This simple model can provide an adequate approximation to such growth only for the initial period because, growing exponentially, population approaches infinity...

This paper reformulates the classical Uzawa-Lucas model of economic growth and human capital accumulation by representing time as a discrete variable and using a non-constant population growth rate. In addition, the model is developed with a more general utility function. The study examines the...

Purpose Our paper studies a central issue with a long history in economics: the relationship between population and economic growth. We analyze the joint dynamics of economic and demographic growth in 111 countries during the period 1960-2019. Design/methodology/approach Using the concept of...