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Human-Capital Spillover, Population, and Economic Growth

Listed author(s):
  • Bharat Diwakar
  • Gilad Sorek

We study two-sector R&D model with endogenous human capital accumulation. Allowing for fractional human capital spillover from parents to their o¤spring, which are subject to congestion in fertility rate, we establish non-monotonic relations between population growth and economic growth. These non-monotonic relations, which are polynomial in general, are determined by the base level of human capital spillover and the magnitude of the congestion e¤ect: a U shape relation can arise under low congestion factor, whereas a hump shape may present for high congestion factor.

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File URL: http://cla.auburn.edu/econwp/Archives/2016/2016-02.pdf
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Paper provided by Department of Economics, Auburn University in its series Auburn Economics Working Paper Series with number auwp2016-02.

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Date of creation: Mar 2016
Handle: RePEc:abn:wpaper:auwp2016-02
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Web page: http://cla.auburn.edu/economics/

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