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 microfounded fertility and schooling into an otherwise standard R&D-based growth model. 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 fully developed countries - are thus much better than predicted by conventional R&D-based growth theory.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeitrag ; No. 457
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
R&D
declining population
fertility
schooling
human capital
post-modern society
post-transitional fertility
Technischer Fortschritt
Bevölkerungsentwicklung
Geburtenrate
Humankapital
Sozialer Wandel
Neue Wachstumstheorie
Theorie
Prettnerz, Klaus
Prskawetz, Alexia
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Strulik, Holger
- Prettnerz, Klaus
- Prskawetz, Alexia
- Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
Entstanden
- 2010
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