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Andreas Irmen
''Malthus and Solow - a note on closed-form solutions''
( 2004, Vol. 10 No.6 )
Recently, Jones (2002} and Barro and Sala-í-Martin (2004) pointed out that the neoclassical growth model with a Cobb-Douglas technology has a closed-form solution. This note makes a similar remark for the Malthusian model: I develop and characterize a closed-form solution. Moreover, I emphasize structural similarities between the Malthusian and the neoclassical model if the dynamic behavior is governed by a Bernoulli differential equation.
JEL: J1 - Demographic Economics: General
O1 - Economic Development: General
Manuscript Received : Aug 27 2004 Manuscript Accepted : Sep 02 2004

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