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The Role of Human Capital and Population Growth in R&D-based Models of Economic Growth

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Author Info
Holger Strulik

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Abstract

Human capital accumulation is introduced in a growth model with R&D-driven expansion in variety and quality of intermediate goods and knowledge spillovers from both research activities. Economic growth is no longer uniquely tied to population growth as previous growth models without scale effects suggest. The model predicts that economic growth depends positively on the rate of human capital accumulation and positively or negatively on population growth and is therefore supported by empirical evidence to a greater extent than previous models. In particular, long-run growth is compatible with a stable population. Copyright Blackwell Publishing Ltd 2005..

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File URL: http://www.blackwell-synergy.com/links/doi/10.1111/j.1467-9396.2005.00495.x
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Publisher Info
Article provided by Blackwell Publishing in its journal Review of International Economics.

Volume (Year): 13 (2005)
Issue (Month): 1 (02)
Pages: 129-145
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Handle: RePEc:bla:reviec:v:13:y:2005:i:1:p:129-145

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    Other versions:
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. James L. Butkiewicz & Halit Yanikkaya, 2007. "Minerals, Openness, Institutions and Growth: An Empirical Analysis," Working Papers 07-04, University of Delaware, Department of Economics. [Downloadable!]
  2. GROWIEC, Jakub, 2006. "Fertility choice and semi-endogenous growth: where Becker meets Jones," CORE Discussion Papers 2006023, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    Other versions:
  3. Creina Day, 2006. "Population and Endogenous Growth," ANUCBE School of Economics Working Papers 2006-475, Australian National University, College of Business and Economics, School of Economics. [Downloadable!]
  4. Holger Strulik, 2005. "Too Much of a Good Thing? The Quantitative Economics of R&D–driven Growth Revisited," Discussion Papers 05-26, University of Copenhagen. Department of Economics. [Downloadable!]
    Other versions:
  5. Creina Day, 2007. "Population and Endogenous Growth," DEGIT Conference Papers c012_006, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
  6. Jakub, GROWIEC & Ingmar, SCHUMACHER, 2007. "Technological opportunity, long-run growth and convergence," Discussion Papers (ECON - Département des Sciences Economiques) 2007034, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
    Other versions:
  7. Frederic Tournemaine, 2007. "Can population promote income per-capita growth? A balanced perspective," Economics Bulletin, Economics Bulletin, vol. 15(8), pages 1-7. [Downloadable!]
  8. Christian Groth, 2004. "Innovation and growth: What have we learnt from the robustness debate?," Discussion Papers 04-29, University of Copenhagen. Department of Economics, revised Nov 2004. [Downloadable!]
  9. Volker Grossmann, 2004. "How to Promote R&D-based Growth? Public Education Expenditure on Scientists and Engineers versus R&D Subsidies," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  10. Gustafsson, Peter & Segerstrom, Paul, 2006. "Trade Liberalization and Productivity Growth," CEPR Discussion Papers 5894, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  11. Carl-Johan Dalgaard & Martin Kaae Jensen, 2007. "Life Cycle Savings, Bequest, and the Diminishing Impact of Scale on Growth," Discussion Papers 07-17, University of Copenhagen. Department of Economics. [Downloadable!]
  12. David E. Bloom & David Canning & Günther Fink & Jocelyn E. Finlay, 2009. "The Cost of Low Fertility in Europe," NBER Working Papers 14820, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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