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Human-Capital Spillover, Population, and Economic Growth

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  • Bharat Diwakar
  • Gilad Sorek

Abstract

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.

Suggested Citation

  • Bharat Diwakar & Gilad Sorek, 2016. "Human-Capital Spillover, Population, and Economic Growth," Auburn Economics Working Paper Series auwp2016-02, Department of Economics, Auburn University.
  • Handle: RePEc:abn:wpaper:auwp2016-02
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    Cited by:

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    5. Barkhordar, Zahra A., 2019. "Evaluating the economy-wide effects of energy efficient lighting in the household sector of Iran," Energy Policy, Elsevier, vol. 127(C), pages 125-133.
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    7. Gilad Sorek & Bharat Diwakar, 2017. "Weak Scale Effects in Overlapping Generations Economy," Economics Bulletin, AccessEcon, vol. 37(2), pages 962-969.

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    More about this item

    Keywords

    Innovation-Based Growth; Population Growth; Human-Capital Spillover;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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