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Population growth has declined markedly in almost all major economies since the 1970s. We argue this trend has … important consequences for the process of firm dynamics and aggregate growth. We study a rich semi-endogenous growth model of … firm dynamics, and show analytically that a decline in population growth reduces creative destruction, increases average …
Persistent link: https://www.econbiz.de/10012660102
lifetimes and debt neutrality and Weil on population growth and debt neutrality. It is shown that there will be debt neutrality … if and only if the sum of the rate of growth of population and the individual probability of death equals zero. If this … condition holds, non-zero rates of growth of labor productivity will not destroy debt neutrality …
Persistent link: https://www.econbiz.de/10012477043
For generations of scholars and observers, the "transportation revolution," especially the railroad, has loomed large as a dominant factor in the settlement and development of the United States in the nineteenth century. There has, however, been considerable debate as to whether transportation...
Persistent link: https://www.econbiz.de/10012464009
aggregate economic output. We apply it to estimate and compare the projected effects of climate change and population growth … over the course of the 21st century, by country and globally. We find that standard population growth projections imply … population impacts are correlated across countries: climate change and population growth will have their most damaging effects in …
Persistent link: https://www.econbiz.de/10014486236
of this hypothesis. In this model, observation of a negative rate of return to children and positive population growth in … the rate of population growth is "too high" from a Paretian point of view; and (3) that each individual in current and all … future generations could be made better off if the rate of population growth were lower and the level of old age consumption …
Persistent link: https://www.econbiz.de/10012478776
The object of this paper is to show how population growth, through its interaction with recent technological and … technology can create a comparative advantage for high population growth economies to jump ahead in the adoption of computer- and … population growth rates will experience a more pronounced adoption of new technology, a better performance in terms of increased …
Persistent link: https://www.econbiz.de/10012470577
incentive to invest in education and to save for retirement. We present estimates of a model of economic growth that highlights …
Persistent link: https://www.econbiz.de/10012467872
of the principal effects of population growth on labor supply and employment in the developing economies of the world. On … the supply side of labor markets, we discuss key features of the interrelations between population growth and the labor … force. These include the lags between population growth and labor force participation; the independent effects on labor …
Persistent link: https://www.econbiz.de/10012477239
GDP. This paper shows that changes in population growth provide a unified quantitative explanation for these long …-term changes. The mechanism goes through firm entry rates. A decrease in population growth lowers firm entry rates, shifting the …
Persistent link: https://www.econbiz.de/10012481030
We present a model of efficient regulation along the lines of Demsetz (1967). In this model, setting up and running regulatory institutions takes a fixed cost, and therefore jurisdictions with larger populations affected by a given regulation are more likely to have them. Consistent with the...
Persistent link: https://www.econbiz.de/10012468459