IJPAM: Volume 60, No. 2 (2010)
A NOTE ON AN OPEN ECONOMY NEOCLASSICAL MODEL
Luca Guerrini
Department of Mathematics for Economic and Social Sciences
University of Bologna
5, Viale Filopanti, Bologna, 40126, ITALY
e-mail: luca.guerrini@unibo.it
Department of Mathematics for Economic and Social Sciences
University of Bologna
5, Viale Filopanti, Bologna, 40126, ITALY
e-mail: luca.guerrini@unibo.it
Abstract.This paper analyzes the neoclassical Solow-Swan model with labor force given by the logistic population model in an open economy context. We show that the convergence speed is the same as in the closed economy case.
Received: February 26, 2010
AMS Subject Classification: 91B62
Key Words and Phrases: neoclassical, logistic population growth, open economy
Source: International Journal of Pure and Applied Mathematics
ISSN: 1311-8080
Year: 2010
Volume: 60
Issue: 2