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We analyze the effects of declining population growth on automation. Theoretical considerations imply that countries with lower population growth introduce automation technologies faster. We test the theoretical implication on panel data for 60 countries over the time span 1993-2013. Regression...
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This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....
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endowed with full control over their fertility but, differently from other studies, the degree of agents' altruism which … mainly affects fertility choices are allowed to change with the standard of living. We relate agents' altruism to the …
Persistent link: https://www.econbiz.de/10014182320
This paper develops a unified growth model that captures the historical evolution of population, technology, and output. It encompasses the endogenous transition between three regimes that have characterized economic development. The economy evolves from a Malthusian regime, where technological...
Persistent link: https://www.econbiz.de/10014138029
consistent with the observed acceleration in world population, which cannot be explained solely by declining fertility à la …
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