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This research develops an expanded unified growth theory that incorporates the endogenous accumulation of physical capital, population, human capital, and technology. The model incorporates a complementarity between physical capital and human capital and can be extended to a multi-country...
Persistent link: https://www.econbiz.de/10014458861
Persistent link: https://www.econbiz.de/10014266855
A dynamic stochastic unified growth model is estimated from English economy data for almost a millennium. At the core of the (seven) overlapping generations, rational expectations structure is household choice about target number and quality of children. The trends of births, deaths, population...
Persistent link: https://www.econbiz.de/10012009404
Persistent link: https://www.econbiz.de/10011608077
This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....
Persistent link: https://www.econbiz.de/10012472002
This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....
Persistent link: https://www.econbiz.de/10013247642
This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....
Persistent link: https://www.econbiz.de/10014207517
Persistent link: https://www.econbiz.de/10011474631
transition that has occurred in the developed world over the past 150 years. To the extent that high growth rates in the past …
Persistent link: https://www.econbiz.de/10011537253
Persistent link: https://www.econbiz.de/10012121892