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Title: Population and Economic Growth under Different Growth Engines
Author: Bucci, Alberto
Raurich, Xavier
Keywords: Creixement econòmic
Recursos humans
Economic growth
Human capital
Issue Date: May-2017
Publisher: Wiley
Abstract: Using a growth model with physical capital accumulation, human capital investment and horizontal R&D activity, this paper proposes an alternative channel through which an increase in the population growth rate may yield a non‐uniform (i.e., a positive, negative, or neutral) impact on the long‐run growth rate of per‐capita GDP, as available empirical evidence seems mostly to suggest. The proposed mechanism relies on the nature of the process of economic growth (whether it is fully or semi‐endogenous), and the peculiar engine(s) driving economic growth (human capital investment, R&D activity, or both). The model also explains why in the long term the association between population growth and productivity growth may ultimately be negative when R&D is an engine of economic growth.
Note: Versió postprint del document publicat a:
It is part of: German Economic Review, 2017, vol. 18, num. 2, p. 182-211
Related resource:
ISSN: 1465-6485
Appears in Collections:Articles publicats en revistes (Economia)

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