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@article{871027,
author = {Přibylová, Lenka and Valenta, Petr},
article_location = {Bratislava},
article_number = {2},
keywords = {Solow Swan model; population growth; stability},
language = {eng},
issn = {1337-6365},
journal = {Aplimat- Journal of Applied Mathematics},
title = {The Solow-Swan growth model with bounded population},
volume = {3(2010)},
year = {2010}
}
TY - JOUR
ID - 871027
AU - Přibylová, Lenka - Valenta, Petr
PY - 2010
TI - The Solow-Swan growth model with bounded population
JF - Aplimat- Journal of Applied Mathematics
VL - 3(2010)
IS - 2
SP - 159-165
EP - 159-165
PB - STU Bratislava
SN - 13376365
KW - Solow Swan model
KW - population growth
KW - stability
N2 - In this paper we tried to show that constant rate of population growth in classic theories of economic growth can be replaced by general bounded growth. It is obvious that labor force cannot grow exponentially in infinite time horizon because of the environmental carrying capacity. We have shown that the long run capital/labor ratio is greater in the labor bounded case than in the standard model, we also compared the short run capital/labor ratio results. As in the standard economy model, the only way how to increase the economy level in the long run is to increase the level of technology.
ER -
PŘIBYLOVÁ, Lenka and Petr VALENTA. The Solow-Swan growth model with bounded population. \textit{Aplimat- Journal of Applied Mathematics}. Bratislava: STU Bratislava, 2010, 3(2010), No~2, p.~159-165. ISSN~1337-6365.
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