Mathematics (Feb 2021)

Nonlocal Reaction–Diffusion Models of Heterogeneous Wealth Distribution

  • Malay Banerjee,
  • Sergei V. Petrovskii,
  • Vitaly Volpert

DOI
https://doi.org/10.3390/math9040351
Journal volume & issue
Vol. 9, no. 4
p. 351

Abstract

Read online

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