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A population-macroeconomic growth model for currently developing countries

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  • Momota, Akira

Abstract

This paper constructs a theoretical model that predicts, as observed in some currently developing countries, that the average school enrollment ratio may fall even when the average fertility rate declines. Unlike existing models, the current analysis indicates that economic growth may slow down when a fertility transition starts. Asymmetric behavior with respect to fertility and education between households stemming from income inequality plays an important role in generating this result. We examine the implications of an education subsidy policy. Contrary to intuition, in some circumstances this policy may decrease the average school enrollment ratio and future economic growth.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 33 (2009)
Issue (Month): 2 (February)
Pages: 431-453

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Handle: RePEc:eee:dyncon:v:33:y:2009:i:2:p:431-453

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Web page: http://www.elsevier.com/locate/jedc

Related research

Keywords: Economic development Education Fertility Growth Overlapping generations model;

References

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Cited by:
  1. Boucekkine, R. & Martínez, B. & Ruiz-Tamarit, J.R., 2013. "Growth vs. level effect of population change on economic development: An inspection into human-capital-related mechanisms," Journal of Mathematical Economics, Elsevier, vol. 49(4), pages 312-334.
  2. Kuwahara, Shiro, 2013. "Does international knowledge spillover always lead to a positive trickle down?," Journal of the Japanese and International Economies, Elsevier, vol. 27(C), pages 48-63.
  3. Debasis Bandyopadhyay & Xueli Tang, 2011. "Parental nurturing and adverse effects of redistribution," Journal of Economic Growth, Springer, vol. 16(1), pages 71-98, March.
  4. Jayanta Sarkar & Dipanwita Sarkar, 2012. "Why does child labour persist with declining poverty?," NCER Working Paper Series 84, National Centre for Econometric Research, revised 21 Nov 2012.
  5. Amin Gharipour & Morteza Sameti & Ali Yousefian, 2010. "A Comparative Approximate Economic Behavior Analysis of Support Vector Machines and Neural Networks Models," Iranian Economic Review, Economics faculty of Tehran university, vol. 15(2), pages 17-40, spring.

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