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fertility rates and reducing output growth in the transitional dynamics. If human or physical stocks are sufficiently low, the … family environment. This paper presents a theory of growth in which human capital is determined by inheritable factors and … model shows that an economy can be caught in a fertility-caused poverty trap, while countries with more resources will …
Persistent link: https://www.econbiz.de/10011566054
This paper builds an age-structural model of human population genetics in which agents are endowed with a high-dimensional genome that determines their cognitive and physical characteristics. Young adults optimally search for a marriage partner, work for firms, consume goods, save for old age...
Persistent link: https://www.econbiz.de/10011566205
evolutionary advantage to entrepreneurial, growth promoting traits and their increased representation accelerated the pace of … technological advancements and the process of economic development. Natural selection therefore had magnified growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contribution to the convergence of the …
Persistent link: https://www.econbiz.de/10010318965
evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth …
Persistent link: https://www.econbiz.de/10010282576
evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting … evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth …
Persistent link: https://www.econbiz.de/10010284032
accumulation and inflation with endogenous fertility, i.e. endogenous population growth. The model establishes an inverse relation … money. A higher monetary growth rate increases fertility, since it reduces its opportunity cost, and hence diminishes … between capital-labour ratio and population growth, which represents the crucial element for having non-superneutrality of …
Persistent link: https://www.econbiz.de/10011608490
transitions. The model captures the intricate interplay between technological progress, mortality, fertility and economic growth …This study provides a uni ed growth theory to correctly predict the initially negative and subsequently positive … in the transition from Malthusian stagnation to modern growth. Not only does it provide an explanation for the …
Persistent link: https://www.econbiz.de/10010270039
transitions. The model captures the intricate interplay between technological progress, mortality, fertility and economic growth … various economic and demographic variables. -- Economic Growth ; Mortality ; Fertility ; Structural Change ; Industrial …This study provides a unified growth theory to correctly predict the initially negative and subsequently positive …
Persistent link: https://www.econbiz.de/10003946193
Malthusian model, we find that productivity growth in agriculture has no effect on subsistence income. More importantly, we also …
Persistent link: https://www.econbiz.de/10003857649
This paper develops a dynamic general equilibrium model of fertility, human capital accumulation, child labor and … survival probability leads to falling fertility, eventually to investment into schooling and the demise of child labor. Child … generate a demographic transition. Falling mortality can only explain a relatively small part of the fertility decline. A …
Persistent link: https://www.econbiz.de/10013070900