Showing 1 - 10 of 496
This paper develops a unified model of growth, population, and technological progress that is consistent with long …-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is … population, so that output per capita is stable around a constant level. In the post-Malthusian regime, the growth rates of …
Persistent link: https://www.econbiz.de/10005662118
This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and … economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population …, technology and income per capita in the long transition from an epoch of Malthusian stagnation to sustained economic growth. The …
Persistent link: https://www.econbiz.de/10005666934
This Paper develops a theory of fertility and child educational choice that offers an explanation for the persistence … human capital. As a result, the poor choose high fertility rates with low education investment and therefore, their … offspring are poor as well. Furthermore, the high fertility rates in poor economies dilute physical capital accumulation and …
Persistent link: https://www.econbiz.de/10005667134
This paper examines the historical evolution of the relationship between population growth, technological change, and … the ``Modern Growth Regime". We view the unified modeling of this long transition process - from thousand of years of … Malthusian stagnation through the demographic transition to modern growth - as one of the most significant research challenges …
Persistent link: https://www.econbiz.de/10005791656
This paper examines a novel mechanism linking fertility and growth. There are three components to the model. First … transition: a rapid decline in fertility accompanied by accelerated output growth. … to men's. Second, increasing women's relative wages reduces fertility by raising the cost of children more than household …
Persistent link: https://www.econbiz.de/10005498148
Analyzing a variety of cross-national and sub-national data, we argue that high adult mortality reduces economic growth … by shortening time horizons. Higher adult mortality is associated with increased levels of risky behaviour, higher … fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to …
Persistent link: https://www.econbiz.de/10005504520
-term income growth rates. Under perfect capital mobility, international differences in taxes will not matter for total growth … differentials. Policy differences have a role to play in per capita growth differentials, however, when they lead to a divergence in … this is the case, how tax differences affect the growth rates of population and human capital will depend on the relative …
Persistent link: https://www.econbiz.de/10005067595
the observed cross-country diversity in the long-run rates of growth of per capita and total incomes as well as the … population growth rates. Corroborative evidence is found for the theoretical results on the convergence/divergence in long …-term population, per capita and total income growth rates obtained in Razin and Yuen (1992). In particular, the data (and casual …
Persistent link: https://www.econbiz.de/10005656281
This paper examines how economic stratification affects inequality and growth over time. It studies economies where …-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into … slower growth in the short run, but to higher output or even productivity growth in the long run. This trade-off occurs in …
Persistent link: https://www.econbiz.de/10005666953
and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital … lower pollution tax, a larger capital tax, and lower growth. …
Persistent link: https://www.econbiz.de/10005791379