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The Evolution of Population, Technology and Output

Author

Listed:
  • Galindev, Ragchaasuren

Abstract

This paper extends Galor and Weil's (2000) unified growth model on the evolution of population, technology and output by replacing the parental utility function in which consumption and children are unrelated, with a more general specification in which some commodities are unrelated with children while the others are substitutes. Considering some leisure goods as the substitutes for children, it aims to explain the demographic transition from high to low fertility with the observed increase in the relative price of children to that of leisure goods along with Galor and Weil's quality-quantity mechanism based on the observed increase in the educational attainments. This modification leads to a conclusion that the demographic transition is a natural phenomenon in this environment when children become relatively more expensive than leisure goods, even for a given level of education and a given price of leisure goods. In addition, an increase in education and a decrease in the price of leisure goods contribute to the demographic transition.

Suggested Citation

  • Galindev, Ragchaasuren, 2008. "The Evolution of Population, Technology and Output," MPRA Paper 17116, University Library of Munich, Germany, revised 22 Aug 2009.
    • Handle: RePEc:pra:mprapa:17116
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Malthusian Regime; Modern Growth; Demographic Transition;
    All these keywords.

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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