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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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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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  9. Carl-Johan Dalgaard & Claus Thustrup Kreiner, . "Endogenous Growth: A Knife-Edge or the Razor's Edge?," EPRU Working Paper Series 02-02, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics, revised Feb 2002.
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  22. Papageorgiou, Chris, 2003. "Imitation in a non-scale R&D growth model," Economics Letters, Elsevier, vol. 80(3), pages 287-294, September.
  23. Christiaans, Thomas, 2004. "Types of balanced growth," Economics Letters, Elsevier, vol. 82(2), pages 253-258, February.
  24. Dinopoulos, Elias & Thompson, Peter, 1998. " Schumpeterian Growth without Scale Effects," Journal of Economic Growth, Springer, vol. 3(4), pages 313-35, December.
  25. Michael Funke & Holger Strulik, 2000. "On Endogenous Growth with Physical Capital, Human Capital and Product Variety," Quantitative Macroeconomics Working Papers 20004, Hamburg University, Department of Economics.
  26. Samuel S. Kortum, 1997. "Research, Patenting, and Technological Change," Econometrica, Econometric Society, vol. 65(6), pages 1389-1420, November.
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