Modified Verhulst-Solow model for long-term population and economic growths

TL;DR

This paper introduces a modified Verhulst-Solow model that integrates population and economic growth dynamics, validated with empirical data, to better understand long-term growth patterns.

Contribution

It presents a novel combined model incorporating support and foraging functions to simulate population and economic interactions.

Findings

Model accurately fits empirical data

Highlights role of support and foraging in growth dynamics

Provides insights into long-term population-economic relationships

Abstract

In this study, we analyze the relationship between human population growth and economic dynamics. To do so, we present a modified version of the Verhulst model and the Solow model, which together simulate population dynamics and the role of economic variables in capital accumulation. The model incorporates support and foraging functions, which participate in the dynamic relationship between population growth and the creation and destruction of carrying capacity. The validity of the model is demonstrated using empirical data.