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 micro-founded 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: Vienna Institute of Demography Working Papers ; No. 9/2010

Klassifikation
Wirtschaft
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
Thema
Endogenous growth
R&D
declining population
fertility
schooling
human capital
postmodern society
post-transitional fertility
Technischer Fortschritt
Bevölkerungsentwicklung
Fertilität
Humankapital
Sozialer Wandel
Neue Wachstumstheorie
Theorie

Ereignis
Geistige Schöpfung
(wer)
Strulik, Holger
Prettner, Klaus
Prskawetz, Alexia
Ereignis
Veröffentlichung
(wer)
Austrian Academy of Sciences (ÖAW), Vienna Institute of Demography (VID)
(wo)
Vienna
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Strulik, Holger
  • Prettner, Klaus
  • Prskawetz, Alexia
  • Austrian Academy of Sciences (ÖAW), Vienna Institute of Demography (VID)

Entstanden

  • 2010

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