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Persistent link: https://www.econbiz.de/10008903256
standard neoclassical growth model with US data and assume that an exogenous shock has driven aggregate output far below steady … the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and …
Persistent link: https://www.econbiz.de/10003857658
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to higher growth (the normal reaction). The same shock can produce voracious behavior and lower growth when faced by poor …
Persistent link: https://www.econbiz.de/10012724031
We hypothesize that the timing of the fertility transition is an important determinant of comparative physiological development. In support, we provide a model of long-run growth, which elucidates the links between population size, average body size and income during development....
Persistent link: https://www.econbiz.de/10010294428
In the present paper we advance a theory of pre-industrial growth where body size and population size are endogenously determined. Despite the fact that parents invest in both child quantity and productivity enhancing child quality, a take-off does not occur due to a key physiological check: if...
Persistent link: https://www.econbiz.de/10010294438
This paper develops a bio-economic Malthusian growth model. By integrating recent research on allometric scaling, energy consumption, and ontogenetic growth we provide a model where subsistence consumption is endogenously linked to body mass and fertility. The theory admits a two-dimensional...
Persistent link: https://www.econbiz.de/10010296042
Household poverty is a powerful motive for child labor and working frequently comes at the expense of schooling for children. Accounting for these natural links we investigate whether and when there is an additional role for community norms and how the social evaluation of schooling evolves over...
Persistent link: https://www.econbiz.de/10010301446
Evidence from economics, anthropology and biology testifies to a fundamental household trade-off between the number of offspring (quantity) and amount of nutrition per child (quality). This leads to a theory of pre-industrial growth where body size as well as population size is endogenous. But...
Persistent link: https://www.econbiz.de/10010301504
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into an otherwise standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10010352611