Population dynamics and economic development

نویسندگان

چکیده

<p style='text-indent:20px;'>This research develops a continuous-time optimal growth model that accounts for population dynamics resembling the historical pattern of demographic transition. The Ramsey then becomes able to generate multiple determinate or indeterminate stationary equilibria and explain process transition from state with high fertility low income per capita capita. article also investigates emergence damped persistent cyclical dynamics.</p>

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ژورنال

عنوان ژورنال: Discrete and Continuous Dynamical Systems-series B

سال: 2021

ISSN: ['1531-3492', '1553-524X']

DOI: https://doi.org/10.3934/dcdsb.2021178