Arbeitspapier
The past and future of knowledge-based growth
Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century. In order to resolve this problem we integrate R&D-based innovations into a unified growth framework with micro-founded fertility and schooling behavior. The model explains the historical emergence of R&D-based growth and the subsequent emergence of mass education and the demographic transition. The ongoing child quality-quantity trade-off during the transition explains why in modern economies high growth of productivity and income is associated with low or negative population growth. Because growth in modern economies is based on the education of the workforce, the medium-run prospects for future economic growth - when fertility is going to be below replacement level in virtually all developed countries - are much better than suggested by conventional R&D-based growth theories.
- Sprache
-
Deutsch
- Erschienen in
-
Series: cege Discussion Papers ; No. 140
- 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
-
R&D
declining population
fertility
schooling
human capital.
Wirtschaftswachstum
Forschung
Bevölkerungsökonomie
Alternde Bevölkerung
Produktivität
Bildungswesen
Humankapital
Wirtschaftsgeschichte
Neue Wachstumstheorie
Theorie
Industriestaaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Strulik, Holger
Prettner, Klaus
Prskawetz, Alexia
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Göttingen, Center for European, Governance and Economic Development Research (cege)
- (wo)
-
Göttingen
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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
- University of Göttingen, Center for European, Governance and Economic Development Research (cege)
Entstanden
- 2012
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