IJPAM: Volume 48, No. 3 (2008)
ECONOMIC DEVELOPMENT AND SUSTAINABILITY IN
A SOLOW MODEL WITH NATURAL CAPITAL
AND LOGISTIC POPULATION CHANGE
A SOLOW MODEL WITH NATURAL CAPITAL
AND LOGISTIC POPULATION CHANGE
Massimiliano Ferrara
, Luca Guerrini
Department of Economics
Faculty of Law
Mediterranean University of Reggio Calabria
2, Via dei Bianchi (Palazzo Zani), Reggio Calabria, 89127, ITALY
e-mail: massimiliano.ferrara@unirc.it
Department of Mathematics for Economics and Social Sciences
University of Bologna
5, Viale Filopanti, Bologna, 40126, ITALY
e-mail: guerrini@rimini.unibo.it
, Luca Guerrini
Department of Economics
Faculty of Law
Mediterranean University of Reggio Calabria
2, Via dei Bianchi (Palazzo Zani), Reggio Calabria, 89127, ITALY
e-mail: massimiliano.ferrara@unirc.it
Department of Mathematics for Economics and Social Sciences
University of Bologna
5, Viale Filopanti, Bologna, 40126, ITALY
e-mail: guerrini@rimini.unibo.it
Abstract.This paper analyzes how a logistic labor growth rate affects the dynamics of the Solow model with the natural capital introduced as a factor of production. The conditions for long-run sustainability of the economy are investigated. For any given tax rate, the set of sustainable marginal propensity to consume is derived. The nature of non-trivial steady states of the economy is determined.
Received: September 24, 2008
AMS Subject Classification: 91B62, 91B76
Key Words and Phrases: sustainability, environment, logistic population
Source: International Journal of Pure and Applied Mathematics
ISSN: 1311-8080
Year: 2008
Volume: 48
Issue: 3
