CLOSED-FORM SOLUTION TO AN ECONOMIC GROWTH LOGISTIC MODEL WITH CONSTANT MIGRATION
CLOSED-FORM SOLUTION TO AN ECONOMIC GROWTH LOGISTIC MODEL WITH CONSTANT MIGRATION
This paper considers a Solow-Swan economic growth model with the labor force ruled by the logistic equation added by a constant migration rate, I. We prove the global asymptotic stability of the capital and production per capita. Considering a Cobb-Douglas production function, we show this model to have a closed-form …