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Modelling Global Development And Population Dynamics With Education

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  • Wei-Bin Zhang

    (Ritsumeikan Asia Pacific University, Japan)

Abstract

This paper constructs a multi-country growth model with free trade. The dynamic machines of global development are national wealth accumulation, national population change, and gender-differentiated human capital dynamics. The global economy consists of multiple national economies and each national economy is composed of industrial sector and education sector. The model integrates Solow’s growth, Uzawa-Lucas’, Becker-Barro’s fertility choice, Haavelmo’s population, and Oniki-Uzawa’s trade models. The integration is conducted with Zhang’s utility function and concepts of current and disposable incomes. Nations are differenciated in technology, gender-related human capital, family preference, and emotional and pecuniary investment in children. We describe J-country global economic dynamics with 4J nonlinear differential equations. The model is simulated. We plot the movement of the global system and carry out comparative dynamic analysis with regards to woman’s human capital accumulation efficiency, the propensity to have children, the propensity to save, the total factor productivities, men’s propensities to use leisure, and families’ pecuniary costs in children caring.

Suggested Citation

  • Wei-Bin Zhang, 2020. "Modelling Global Development And Population Dynamics With Education," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 18(3), pages 208-240.
    • Handle: RePEc:brv:journl:v:18:y:2020:i:3:p:208-240
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    More about this item

    Keywords

    gender-based human capital; propensity to have children; gender-differentiated time distribution; international trade; endogenous birth rate; endogenous mortality rate;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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