Arbeitspapier
R&D-based growth in the post-modern era
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate R&D-based growth into a unified growth setup with micro-founded fertility and schooling behavior. We then show how a Beckerian child quality-quantity trade-off explains why higher growth of productivity and income per capita are associated with lower population growth. The medium-run prospects for future economic growth - when fertility is going to be below replacement level in virtually all developed countries - are thus much better than predicted by conventional R&D-based growth theory.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECON WPS ; No. 04/2011
- Klassifikation
-
Wirtschaft
Fertility; Family Planning; Child Care; Children; Youth
Human Capital; Skills; Occupational Choice; Labor Productivity
Economic Development: General
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Economic Growth and Aggregate Productivity: General
- Thema
-
R&D
unified growth theory
declining population
fertility
schooling
human capital
post-modern society
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Strulik, Holger
Prettner, Klaus
Prskawetz, Alexia
- Ereignis
-
Veröffentlichung
- (wer)
-
Vienna University of Technology, Institute of Mathematical Methods in Economics, Research Group Economics
- (wo)
-
Vienna
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Strulik, Holger
- Prettner, Klaus
- Prskawetz, Alexia
- Vienna University of Technology, Institute of Mathematical Methods in Economics, Research Group Economics
Entstanden
- 2011
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