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Semi-endogenous growth when population is decreasing

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  • Thomas Christiaans

    () (FOM University of Applied Sciences)

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    Abstract

    The paper analyzes the effect of a negative population growth rate on per capita income growth using a simple model of semi-endogenous growth. It is shown that there is a non-monotonous relationship between population growth rates and long-run per capita income growth rates. Compared to the case of positive population growth the dynamics are richer and depend on the rate of depreciation. Semi-endogenous growth becomes partly endogenous.

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    File URL: http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I3-P239.pdf
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    Bibliographic Info

    Article provided by AccessEcon in its journal Economics Bulletin.

    Volume (Year): 31 (2011)
    Issue (Month): 3 ()
    Pages: 2667-2673

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    Handle: RePEc:ebl:ecbull:eb-11-00182

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    Related research

    Keywords: negative population growth; semi-endogenous growth;

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October.
    2. Christiaans Thomas, 2003. "Balance of Payments Constrained Non-Scale Growth and the Population Puzzle," The B.E. Journal of Macroeconomics, De Gruyter, vol. 3(1), pages 1-22, January.
    3. Sergio T. Rebelo, 1992. "Long Run Policy Analysis and Long Run Growth," NBER Working Papers 3325, National Bureau of Economic Research, Inc.
    4. Christiaans, Thomas, 2008. "International trade and industrialization in a non-scale model of economic growth," Structural Change and Economic Dynamics, Elsevier, vol. 19(3), pages 221-236, September.
    5. Samuelson, Paul A, 1975. "The Optimum Growth Rate for Population," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 16(3), pages 531-38, October.
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    Cited by:
    1. Luca Guerrini, 2012. "Constant population growth rate and time to build: the Solow model case," Economics Bulletin, AccessEcon, vol. 32(4), pages 3260-3265.

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