Semi-endogenous growth when population is decreasing
The paper analyzes the effect of a negative population growth rate on per capita income growth using a simple model of semi-endogenous growth. It is shown that there is a non-monotonous relationship between population growth rates and long-run per capita income growth rates. Compared to the case of positive population growth the dynamics are richer and depend on the rate of depreciation. Semi-endogenous growth becomes partly endogenous.
Volume (Year): 31 (2011)
Issue (Month): 3 ()
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References listed on IDEAS
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- Sergio T. Rebelo, 1990.
"Long Run Policy Analysis and Long Run Growth,"
NBER Working Papers
3325, National Bureau of Economic Research, Inc.
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- Christiaans Thomas, 2003. "Balance of Payments Constrained Non-Scale Growth and the Population Puzzle," The B.E. Journal of Macroeconomics, De Gruyter, vol. 3(1), pages 1-22, January.
- Romer, Paul M, 1986.
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- Christiaans, Thomas, 2008. "International trade and industrialization in a non-scale model of economic growth," Structural Change and Economic Dynamics, Elsevier, vol. 19(3), pages 221-236, September.
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