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Population and Endogenous Growth

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  • Creina Day

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Abstract

Using a general three sector growth model, this paper derives general conditions for positive growth in the economy along a balanced growth path under the alternative assumptions of a static population and a growing population. The framework is general enough to replicate endogenous and semi-endogenous R&D based growth models. This paper challenges the conventional wisdom that (non-) linearity is synonymous with (semi-) endogenous growth. CES technology is introduced to human capital accumulation to obtain positive balanced growth with or without population growth.

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File URL: http://www.ecocomm.anu.edu.au/research/papers/pdf/wp475.pdf
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Bibliographic Info

Paper provided by Australian National University, College of Business and Economics, School of Economics in its series ANU Working Papers in Economics and Econometrics with number 2006-475.

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Length: 33 pages
Date of creation: Oct 2006
Date of revision:
Handle: RePEc:acb:cbeeco:2006-475

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