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Population and Endogenous Growth

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  • Creina Day

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.degit.ifw-kiel.de/papers/degit_12/C012_006.pdf
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Bibliographic Info

Paper provided by DEGIT, Dynamics, Economic Growth, and International Trade in its series DEGIT Conference Papers with number c012_006.

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Length: 35 pages
Date of creation: Jun 2007
Date of revision:
Handle: RePEc:deg:conpap:c012_006

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Keywords: (Semi-)endogenous growth; linearity; population; R&D; CES;

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  26. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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