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Population growth in a model of economic growth with human capital accumulation and horizontal R&D

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  • Bucci, Alberto

Abstract

This paper reconsiders the effects of population growth on per-capita income growth within a Romerian (1990)-type endogenous growth model with human capital accumulation. One important novelty of our contribution is that in the human capital supply equation we explicitly consider the possibility that agents' investment in skill acquisition might be positively, negatively or not influenced at all by technological progress. We find that both the growth rate and the level of real per-capita income are independent of population size. Moreover, the population growth may affect or not real per-capita income growth depending on the size of the degree of altruism of agents towards future generations and on the nature of technical progress, for given agents' degree of altruism.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Macroeconomics.

Volume (Year): 30 (2008)
Issue (Month): 3 (September)
Pages: 1124-1147

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Handle: RePEc:eee:jmacro:v:30:y:2008:i:3:p:1124-1147

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Web page: http://www.elsevier.com/locate/inca/622617

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Cited by:
  1. Thomas Renstrom & Luca Spataro, 2014. "Population growth and human capital: a welfarist approach," Public Finance Research Papers 3, Istituto di Economia e Finanza, DIGEF, Sapienza University of Rome.
  2. Spyridon Boikos & Alberto Bucci & Thanasis Stengos, 2012. "Non-Monotonicity of Fertility in Human Capital Accumulation and Economic Growth," Working Papers 1213, University of Guelph, Department of Economics and Finance.
  3. Daria Onori, 2011. "Welfare, Competition, Specialization and Growth," Working Papers halshs-00580722, HAL.
  4. Bucci, Alberto, 2013. "Returns to specialization, competition, population, and growth," Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 2023-2040.
  5. Raouf BOUCEKKINE & B. MARTINEZ & J. R. RUIZ-TAMARIT, 2011. "Growth vs. level effect of population change on economic development: An inspection into human-capital-related mechanisms," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2011039, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  6. Barnett, William & Ghosh, Taniya, 2013. "Bifurcation Analysis of an Endogenous Growth Model," MPRA Paper 50131, University Library of Munich, Germany.
  7. Raouf Boucekkine & Giorgio Fabbri & Fausto Gozzi, 2010. "Life span and the problem of optimal population size," Working Papers halshs-00536073, HAL.
  8. Alberto Bucci, 2014. "Population, competition, innovation, and economic growth with and without human capital investment," International Review of Economics, Springer, vol. 61(1), pages 61-84, April.
  9. Raouf Boucekkine & Giorgio Fabbri, 2013. "Assessing Parfit’s Repugnant Conclusion within a canonical endogenous growth set-up," Journal of Population Economics, Springer, vol. 26(2), pages 751-767, April.
  10. Alberto Bucci, 2011. "Product-Variety, Population, Competition, and Growth," DEGIT Conference Papers c016_006, DEGIT, Dynamics, Economic Growth, and International Trade.
  11. Mario Coccia, 2013. "Population and technological innovation: the optimal interaction across modern countries," CERIS Working Paper 201307, Institute for Economic Research on Firms and Growth - Moncalieri (TO).

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