We analyze the role of the Scientific Revolution in the takeoff to sustained economic growth. Basic scientific … knowledge is a necessary input in the production of applied knowledge, which, in turn, fuels productivity growth and leads to … the takeoff to sustained economic growth. In regions where scientific inquiry is severely constrained - for example …

Persistent low fertility rates lead to lower population growth rates and eventually also to decreasing population sizes … context of neoclassical growth models, augmented with endogenous fertility decisions and endogenous educational decisions …

The purpose of this article is to identify the role of population size, population growth and population ageing in … models of endogenous economic growth. While in exogenous growth models demographic variables are linked to economic … growth models and their successors also allow for interrelationships between demography and technological change. However …

We revisit the influential economic growth model by Lucas (1988) ["On the mechanics of economic development." Journal … balanced growth path. We derive a constructive condition for a singular control to exist and show that under this condition …

We assess the impact of population structure on economic growth. Following recent research, we focus on the … generational turnover as a key driver of consumption growth. We characterize the impact of the average birth and death rates on the … the sign and magnitude of generational turnover and its impact on consumption growth. We find considerable cross …

We assess the impact of population structure on economic growth. Following recent research, we focus on the … generational turnover as a key driver of consumption growth. We characterize the impact of the average birth and death rates on the … the sign and magnitude of generational turnover and its impact on consumption growth. We find considerable cross …

We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While … that it does not have the potential to lead to positive long-growth. The reason is that automation suppresses wages, which … stands in sharp contrast to the effects of automation in the representative agent setting, where positive long-run growth is …

We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this … purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by … exert an unambiguously positive effect on long-run economic growth, iii) faster population growth reduces long-run economic …