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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- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy,
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- Sergio T. Rebelo, 1990.
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NBER Working Papers
3325, National Bureau of Economic Research, Inc.
- Samuelson, Paul A, 1975. "The Optimum Growth Rate for Population," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 16(3), pages 531-38, October.
- 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.
- 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.
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