Closed-Form Solution for the Solow Model with Constant Migration
Closed-Form Solution for the Solow Model with Constant Migration
In this work we deal with the Solow economic growth model, when the labor force is ruled by the Malthusian law added by a constant migration rate I. Considering a Cobb-Douglas production function, we prove some stability issues and find a closed-form solution for the emigration case, involving Gauss' Hypergeometric …