Document
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The Ramsey model with logistic population growth
related by: authorship_11242
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type: Thing
origen: scopus
type: Information Content Entity
crisid: 1879
type: Document
has publication venue: Economics Bulletin
e iscopus: 2-s2.0-34447321812
most specific type: Article
type: Article
issue: 15
date time value: article date 1879
type: Generically Dependent Continuant
abstract: In standard economic growth theory it is assumed that labor force follows exponential growth, a not realistic assumption. As described in Maynard Smith (1974), the growth of natural populations is more accurately depicted by a logistic growth law. In this paper we analyze how the Ramsey growth model is affected by logistic growth of population, comparing it with the classic Ramsey model. We show that there is a unique nontrivial steady state of the model and that the parameters of the logistic equation play no role in determining long run equilibrium per worker level of consumption and capital. In addition, we study the stability of the model showing that its nontrivial equilibrium is a saddle point.
volume: 3
estado: published
type: Continuant
most specific type: Document
related by: authorship_11241

Continuant
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Entity
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Generically Dependent Continuant
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RDF description of The Ramsey model with logistic population growth - http://orbis.uaslp.mx/vivo/individual/scopus1878
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date: 2026-08-26T23:55:53
publisher: vivo
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Article
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Information Content Entity
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Economics Bulletin
type: Generically Dependent Continuant
type: Journal
type: Information Content Entity
type: Collection
type: Document
type: Periodical
type: Continuant
type: Entity
type: Thing
publication venue for: The Ramsey model with logistic population growth