Arbeitspapier
Ageing and growth in the small open economy
We construct an overlapping generations model for the small open economy which incorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending on the strength of the intergenerational externality in the human capital production function, the model gives rise to exogenous or endogenous growth. The effects of demographic shocks and fiscal stimuli on the growth path are derived, both at impact, during transition, and in the long run.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 1740
- Classification
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Wirtschaft
General Aggregative Models: General
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Economic Growth and Aggregate Productivity: General
Open Economy Macroeconomics
Demographic Trends, Macroeconomic Effects, and Forecasts
- Event
-
Geistige Schöpfung
- (who)
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Heijdra, Ben J.
Romp, Ward E.
- Event
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Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2006
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Heijdra, Ben J.
- Romp, Ward E.
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2006
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