Quotation Prettner, Klaus, Trimborn, Timo. 2017. Demographic change and R&D-based economic growth. Economica. 84 667-681.


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Abstract

In the second half of the 20th century, most industrialized countries experienced declining fertility, rising life expectancy and a slowdown of population growth. Standard models of R&D‐based growth predict that a decline in population growth reduces economic growth. We argue that this implication hinges on the assumption of infinitely lived individuals. The semi‐endogenous growth model with overlapping generations that we propose implies a negative relationship between population growth and economic growth during a substantial part of the transitional dynamics if the decline in population growth is accompanied by an increase in life expectancy as observed in industrialized countries.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Economica
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-B, VW-B, WH-B
Language English
Title Demographic change and R&D-based economic growth
Volume 84
Year 2017
Page from 667
Page to 681
Reviewed? Y
URL https://onlinelibrary.wiley.com/doi/abs/10.1111/ecca.12195
DOI https://doi.org/10.1111/ecca.12195
Open Access N

Associations

People
Prettner, Klaus (Details)
External
Trimborn, Timo (University of Aarhus, Denmark)
Organization
Department of Economics (Crespo Cuaresma) (Details)
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