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The Effects Of Negative Population Growth: An Analysis Using A Semiendogenous R&D Growth Model

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  • Sasaki, Hiroaki
  • Hoshida, Keisuke

Abstract

This study investigates the rates of technological progress, total output growth, and per capita output growth when population growth is negative using a semiendogenous research and development (R&D) growth model. The analysis shows that within a finite time horizon, the employment share of the final goods sector reaches unity and that of the R&D sector reaches zero; accordingly, the rate of technological progress tends toward zero. In this case, the growth rate of per capita output asymptotically approaches a positive value.

Suggested Citation

  • Sasaki, Hiroaki & Hoshida, Keisuke, 2017. "The Effects Of Negative Population Growth: An Analysis Using A Semiendogenous R&D Growth Model," Macroeconomic Dynamics, Cambridge University Press, vol. 21(7), pages 1545-1560, October.
    • Handle: RePEc:cup:macdyn:v:21:y:2017:i:07:p:1545-1560_00
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