We extend the neoclassical growth model with logistic population change introduced by Ferrara and Guerrini (2008) by considering a more general law for the population growth rate. In this kind of setup, the model is represented by a two dimensional dynamical system, whose non-trivial steady states, in contrast to the neoclassical model, may be node as well as saddle points.
M. Ferrara, L. Guerrini (2009). The neoclassical model with variable population change. BALTIMORE : WSEAS.
The neoclassical model with variable population change
GUERRINI, LUCA
2009
Abstract
We extend the neoclassical growth model with logistic population change introduced by Ferrara and Guerrini (2008) by considering a more general law for the population growth rate. In this kind of setup, the model is represented by a two dimensional dynamical system, whose non-trivial steady states, in contrast to the neoclassical model, may be node as well as saddle points.File in questo prodotto:
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