Nonlocal Reaction–Diffusion Models of Heterogeneous Wealth Distribution
Open Access
- 10 February 2021
- journal article
- research article
- Published by MDPI AG in Mathematics
- Vol. 9 (4), 351
- https://doi.org/10.3390/math9040351
Abstract
Dynamics of human populations can be affected by various socio-economic factors through their influence on the natality and mortality rates, and on the migration intensity and directions. In this work we study an economic–demographic model which takes into account the dependence of the wealth production rate on the available resources. In the case of nonlocal consumption of resources, the homogeneous-in-space wealth–population distribution is replaced by a periodic-in-space distribution for which the total wealth increases. For the global consumption of resources, if the wealth redistribution is small enough, then the homogeneous distribution is replaced by a heterogeneous one with a single wealth accumulation center. Thus, economic and demographic characteristics of nonlocal and global economies can be quite different in comparison with the local economy.Keywords
Funding Information
- Science and Engineering Research Board (MTR/2018/000527)
- RUDN University (Strategic Academic Leadership Program.)
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