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, emphasizing the role of land in the development process. Starting from a pre-industrialization state called the “Malthusian regime …”, land and labor are the main production factors. The size of population is limited by the quantity of land available for … effect”. If this effect is strong enough, the economy can reach an “ultimate growth regime”. In the different phases, land …
Persistent link: https://www.econbiz.de/10011048859
, emphasizing the role of land in the development process. Starting from a pre-industrialization state called the "Malthusian regime …", land and labor are the main production factors. The size of population is limited by the quantity of land available for … effect". If this effect is strong enough, the economy can reach an "ultimate growth regime". In the different phases, land …
Persistent link: https://www.econbiz.de/10010821525
, emphasizing the role of land in the development process. Starting from a pre-industrialization state called the "Malthusian regime …", land and labor are the main production factors. The size of population is limited by the quantity of land available for … effect". If this effect is strong enough, the economy can reach an "ultimate growth regime". In the different phases, land …
Persistent link: https://www.econbiz.de/10010775894
Persistent link: https://www.econbiz.de/10009729497
This paper investigates the economic growth and social welfare implications of monetary policy in an endogenous growth model with endogenous fertility. We show that, in the money-in-the-utility-function framework, endogenous fertility governs the validity of money superneutrality, the...
Persistent link: https://www.econbiz.de/10010617293
We consider a unified framework that combines two strands of previous literature on overlapping generations growth models of endogenous fertility and savings: one strand incorporating two-period lived agents with life-cycle utility functions and the other strand incorporating one period lived...
Persistent link: https://www.econbiz.de/10010781195
This paper studies the equilibrium dynamics and indeterminacy of equilibria in an endogenous growth model with endogenous fertility choice. We characterize the conditions that give rise to an unique equilibrium as well as multiple equilibria. Whenever there exists a unique equilibrium, it will...
Persistent link: https://www.econbiz.de/10005622249
Persistent link: https://www.econbiz.de/10011894405
Persistent link: https://www.econbiz.de/10011950666
Persistent link: https://www.econbiz.de/10009723983