Journal of Mathematical Sciences: Advances and ApplicationsAuthor's: MASSIMILIANO FERRARA and LUCA GUERRINI
Pages: [323] - [339]
Received Date: July 7, 2008
Submitted by:
In this paper, we study the neoclassical Solow-Swan model where the natural capital is introduced as a factor of production and modeled as a renewable resource. In contrast with the standard literature, the labor growth rate is assumed to be non constant over time. In this framework, we investigate the conditions under which the economy may be sustainable or unsustainable in the long run, we derive the set of sustainable marginal propensity to consume for any given tax rate, we determine the nature of the non-trivial steady states of the economy.
sustainability, environment, variable population.
