Optimal Economic Growth and Endogenous Population Change PDF Download
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Author: John Stuart Lane
Publisher:
ISBN:
Category :
Languages : en
Pages : 294
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Book Description
Author: John Stuart Lane
Publisher:
ISBN:
Category :
Languages : en
Pages : 294
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Book Description
Author: Evert van Imhoff
Publisher: Springer Science & Business Media
ISBN: 3642838952
Category : Political Science
Languages : en
Pages : 229
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Book Description
This book studies optimal economic growth in a closed economy which experiences non-stable population growth. The economy is described by means of a neoclassical growth model which distinguishes overlapping generations within the population. The basic neoclassical growth model is extended to include various types of technical change, as well as investment in human capital or education. The research described in this book connects the analytical tools of traditional growth theory with the actual demographic experience of most industrialized countries. The role of demographic processes in the growth theoretical literature is discussed in the next section. The discussion will show that growth theory needs to extend its scope through the construction of growth models which explicitly recognize demographic forces as a potential source of non-stationarities. This book constitutes a first attempt at such a demographic extension. 1.1 Growth theory and demographic change The theory of economic growth (e.g. Solow, 1970; Burmeister & Dobell, 1970; Wan, 1971) attempts to describe and to explain the long-run development of an economic system (or, in short, economy). An economic system is essentially dynamic in nature. Among the most important sources of dynamics in economics are the following: accumulation of capital (investment); technical change; population growth. Some of these dynamic forces are, at least in part, endogenous to the economic system (i.e. determined by economic variables).
Author: Delano Villanueva
Publisher: International Monetary Fund
ISBN: 1451965788
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
The model developed here postulates that learning through experience plays a critical role in raising labor productivity over time, with three major consequences. First, the steady-state growth rate (of output) becomes endogenous and is influenced by government policies. Second, the speed of adjustment to steady-state growth is faster, and enhanced learning further reduces adjustment time. Third, both steady-state growth and the optimal net rate of return to capital are higher than the sum of exogenous rates of technical change and population growth. Simulation results confirm the model’s faster speed of adjustment, while regression analysis explains a large part of divergent growth patterns across countries in terms of the extent of openness and human development and of the quality of fiscal policies.
Author: Steven Durlauf
Publisher: Springer
ISBN: 023028082X
Category : Political Science
Languages : en
Pages : 287
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Book Description
Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
Author: Marietta Aloukou Constantinides
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 348
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Book Description
Author: Lars Weber
Publisher: Springer Science & Business Media
ISBN: 3790825905
Category : Political Science
Languages : en
Pages : 349
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Book Description
In this book the author investigates the impact of demographic change on economic growth. As a result of the current financial crisis, a new view on economics has been demanded by various scientists. The author provides such a new view on economic growth, using a methodology of system dynamics. By applying this method, the author focuses on characteristics of complex systems and analyzes aging and shrinking processes, and not only positive growth. Delays and feedback processes are also considered. This leads to deeper and revealing insights into economic behavior. In doing so, a new semi-endogenous growth model is developed by introducing a specific and detailed population sector (demographic growth model). The book shows and analyzes the behavior of such a model and tests several policy scenarios in a transfer chapter to apply the new theoretical approach on real world problems. The major results are summarized in 15 principles of demographic growth.
Author: Z. Eckstein
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
"Printed with financial support of the Fritz Thyssen Foundation"--T.p. verso.
Author: Evert Imhoff
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
Author: Hendrik P. van Dalen
Publisher: Springer Science & Business Media
ISBN: 3642770371
Category : Political Science
Languages : en
Pages : 364
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Book Description
Economic Policy in a Demographically Divided World contains the economic analysis of the consequences of demographic change and the diverging population developments in an interdependent world economy in particular. The global divergence in demographic developments gives rise to a myriadof economic and ethical problems. This topic is treated with the help of themathematical apparatus of neoclassical optimal growth models. The author tries to disentangle the basic policy issues of a demographically divided world, such as a selective immigration policy, sustainable patterns of international lending and borrowing, development aid, and dynamic optimal taxation. The most important feature of the book is that it brings together information and theories of fairly recent date to analyse a practical policy problem, viz. issues related to a world economy that is characterised by a demographic division. This stylised fact is hardly given some attention in current economic theory and the book contains with respect to this stylised fact some new results. Customers might benefit from the book by gaining intuition concerning principles of economic policy in a world characterised by demographic change.
Author: Assaf Razin
Publisher: MIT Press
ISBN: 9780262181600
Category : Business & Economics
Languages : en
Pages : 298
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Book Description
From Malthus to Becker, the economic approach to population growth and its interactions with the surrounding economic environment has undergone a major transformation. Population Economicselucidates the theory behind this shift and the consequences for economic policy. Razin and Sadka systematically examine the microeconomic implications of people's decisions about how many children to have and how to provide for them on population trends and social issues of population policy. The authors analyze how these decisions affect labor supply, consumption, savings and bequests, investments in human capital, and economic growth, along with related new issues such as migration and income redistribution across generations, in an integrated microeconomic framework. Population Economicsis a thoroughly modern treatment of population economics as a field in public economics. It integrates and extends Marc Nerlove's Household and Economy: Welfare Economics of Endogenous Fertility, as well as work written jointly with colleagues that has appeared in various journals and other publications.
