Heijdra, Ben J.; Romp, Ward E. - CESifo - 2006
the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be … capital production function, the model gives rise to exogenous or endogenous growth. The effects of demographic shocks and … fiscal stimuli on the growth path are derived, both atimpact, during transition, and in the long run. …