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Population Growth in a Model of Economic Growth with Human Capital Accumulation and Horizontal R&D

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Author Info

  • Alberto Bucci

    (University of Milan)

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 accumulation 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, 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

Paper provided by Universitá degli Studi di Milano in its series UNIMI - Research Papers in Economics, Business, and Statistics with number unimi-1049.

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Date of creation: 12 Feb 2007
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Handle: RePEc:bep:unimip:unimi-1049

Note: oai:cdlib1:unimi-1049
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Related research

Keywords: Horizontal Innovation; Technological Change; Population Growth; Human Capital; Multi-Sector Endogenous Growth; Scale Effects.;

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Cited by:
  1. 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.
  2. 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.
  3. William Barnett & Taniya Ghosh, 2013. "Bifurcation Analysis of an Endogenous Growth Model," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201306, University of Kansas, Department of Economics, revised Oct 2013.
  4. Daria ONORI, 2011. "Welfare, Competition, Specialization and Growth," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2011011, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  5. 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.
  6. 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).
  7. Raouf BOUCEKKINE & Giorgio FABBRI & Fausto GOZZI, 2011. "Life span and the problem of optimal population size," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2011018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  8. 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.
  9. Alberto Bucci, 2011. "Product-Variety, Population, Competition, and Growth," DEGIT Conference Papers c016_006, DEGIT, Dynamics, Economic Growth, and International Trade.
  10. Bucci, Alberto, 2013. "Returns to specialization, competition, population, and growth," Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 2023-2040.
  11. 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.

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