Abstract
A dynamic macro-economic model is specified assuming that the Government minimises a loss function and uses government expenditures and money supply as instruments for control. Through this model we examine the Malthusian theory as well as Simon and Steinmann’s theory of population growth and technical progress.
I am grateful to the Nuffield Foundation and the University of Leicester Research Board for research grants. I have benefited from the comments of Klaus F. Zimmermann and an anonymous referee on an earlier draft. All errors are mine.
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Bhattacharyya, D. (1989). Interaction Between Macro-Economic Activities and Demographic Changes in Selected Developing Countries. In: Wenig, A., Zimmermann, K.F. (eds) Demographic Change and Economic Development. Studies in Contemporary Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-83789-0_13
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DOI: https://doi.org/10.1007/978-3-642-83789-0_13
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