This research develops an augmented Solow model with population dynamics and time delays. The model produces either a single stationary state or multiple stationary states (able to characterise different development regimes). The existence of time delays may cause persistent fluctuations in both economic and demographic variables. In addition, the work identifies in a simple way the reasons why economics affects demographics and vice versa.
Time delays, population and economic development / Gori, Luca; Guerrini, Luca; Sodini, Mauro. - In: CHAOS. - ISSN 1054-1500. - 28:5(2018), pp. 1-10. [10.1063/1.5024397]
Time delays, population and economic development
Mauro Sodini
2018
Abstract
This research develops an augmented Solow model with population dynamics and time delays. The model produces either a single stationary state or multiple stationary states (able to characterise different development regimes). The existence of time delays may cause persistent fluctuations in both economic and demographic variables. In addition, the work identifies in a simple way the reasons why economics affects demographics and vice versa.File in questo prodotto:
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