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"### Malthusian Model: Convergence \n",
"\n",
"Recall:\n",
"\n",
">(2.29) $ \\frac{dL/dt}{L} = \\frac{d\\ln(L)}{dt} = n = \\beta \\left( \\frac{y}{\\phi y^{sub}}-1 \\right) $\n",
"\n",
">(2.39) $ \\ln(y) = \\theta\\ln(\\kappa) + \\ln(H) -\\ln(L)/\\gamma $\n",
"\n",
"Substitute:\n",
"\n",
">(2.40) $ \\frac{1}{L}\\frac{dL}{dt} = \\frac{d\\ln(L)}{dt} = n = \\beta \\left( \\frac{\\kappa^\\theta H L^{-\\gamma}}{\\phi y^{sub}}-1 \\right) $\n",
"\n",
">(2.41) $ \\frac{d\\kappa}{dt} = -(1-\\alpha)(h + (1-1/\\gamma)n +\\delta)\\kappa + (1-\\alpha)s $\n",
"\n",
"Define population-adjusted-for-ideas $ P $:\n",
">(2.42) $ P = L H^{-\\gamma} $\n",
"\n",
"Then we have two state variables—capital-intensity $ \\kappa $, the capital-output ratio, and population-adjusted-for-ideas $ P $. We have two dynamic equations: The rate of change of population-adjusted-for-ideas $ P $ is a function of the capital-output ratio and itself: \n",
"\n",
">(2.43) $ \\frac{1}{P}\\frac{dP}{dt} = p = \\beta \\left( \\frac{\\kappa^\\theta }{P^{1/\\gamma} \\phi y^{sub}}-1 \\right) -h\\gamma $\n",
"\n",
"And the rate of change of capital-intensity $ \\kappa $ is a function of itself andf of the rate of change of population-adjusted-for-ideas $ P $:\n",
"\n",
">(2.44) $ \\frac{d\\kappa}{dt} = (1-\\alpha)s -(1-\\alpha)((1-1/\\gamma)p +\\delta)\\kappa $\n",
"\n",
"With the two parameters $ \\alpha $ and $ \\theta $ related by:\n",
"\n",
">(2.45) $ \\theta = \\frac{\\alpha}{1-\\alpha} $\n",
"\n",
">(2.46) $ \\alpha = \\frac{\\theta}{1+\\theta} $\n",
"\n",
"And if we set:\n",
"\n",
">(2.47) $ P = \\Pi P^{*mal} $\n",
"\n",
">(2.48) $ \\frac{1}{\\Pi}\\frac{d\\Pi}{dt} = p = \\beta \\left[ \\pi^{(-1/\\gamma)} \\kappa^\\theta (s/(\\delta + \\gamma h))^{-\\theta} (1 + \\gamma h/\\beta) -1 \\right] - h \\gamma $\n",
"\n",
"(2.44) and (2.48) are then our system...\n",
"\n",
"\n",
"\n",
"\n",
" \n",
"\n",
"#### 2.9: Model Simulation Experiments \n",
"\n",
"\n",
"And, with respect to its dynamics, in Python:\n",
"\n",
" delong_classes.malthusian\n",
" \n",
"at:\n",
"\n",
"> \n",
"\n",
" \n",
"we can examine how the simulated model behaves dynamically.\n",
"\n",
" \n",
"\n",
"----"
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