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Population and Endogenous Growth Author info | Abstract | Publisher info | Download info | Related research | Statistics Creina Day
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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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 2007Date of revision:
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Keywords: (Semi-)endogenous growth ; linearity ; population ; R&D ; CES ; Find related papers by JEL classification: O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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Aghion, P. & Howitt, P., 1990.
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