Modifikasi Model Pertumbuhan Ekonomi Solow dengan Model Pertumbuhan Von Bertala NFFY
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Institusion
Universitas Sumatera Utara
Author
Desniarti
Subject
Model Solow
Datestamp
2018-12-20 08:22:12
Abstract :
The Solow growth model assumes that labor force grows exponentially. This is not a realistic assumption because, exponential growth implies that population increases to infinity as time tends to infinity. In this paper propose replacing with a simpler equation the Von Bertalanffy model. This model utilizes three hypotheses about human population growth: (1) when population size is small, growth is exponential; (2) population is bounded; and (3) the rate of population growth decreases to zero as time tends toward infinity. With this model we can see the intrinsic rate of population growth does not influence the long-run equilibrium level of capital per labor force.
The Solow growth model assumes that labor force grows exponentially. This is not a realistic assumption because, exponential growth implies that population increases to infinity as time tends to infinity. In this paper propose replacing with a simpler equation the Von Bertalanffy model. This model utilizes three hypotheses about human population growth: (1) when population size is small, growth is exponential; (2) population is bounded; and (3) the rate of population growth decreases to zero as time tends toward infinity. With this model we can see the intrinsic rate of population growth does not influence the long-run equilibrium level of capital per labor force.
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