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The paper is concerned with the microeconomic foundations of fertility, analyzing three approaches: the Chicago approach, the Pennsylvanian approach and Julian Simon´s approach. The paper highlights the Chicago tradition that perceives children as either consumer goods or capital goods. The...
Persistent link: https://www.econbiz.de/10008553104
population in the history of economic thought, and continues by examining the theory of demographic transition. The fourth … section explores the relation between population and economic growth, distinguishing theoretical approaches and empirical … the interdependence of fertility and business cycles. The seventh section takes the fiscal effects of population …
Persistent link: https://www.econbiz.de/10005036688
. Immigration is ineffective as a global development policy. The article argues in favor of an immigration that is balanced and that … why immigration is not remedy to population aging. Sixth section is concerned with the strengths and weaknesses of …
Persistent link: https://www.econbiz.de/10008754970
What is the role of entrepreneurship in economic development from the perspective of neo-Austrian and new institutional … economics and what is the difference between these approaches? Neo-Austrian economists claim that economic development is caused … rent-seeking does not provide opportunities for economic development. In this paper we offer a comparison of these …
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