Productive consumption and population dynamics in an endogenous growth model: Demographic trends and human development aid in developing economies

研究成果: Article査読

3 被引用数 (Scopus)

抄録

We find that by endogenizing the population growth rate, a growth model under the productive consumption hypothesis is more tractable than models in previous studies and has interesting implications for population dynamics. In the zero-saving phase, multiple saddle point stable steady states may exist, and the population growth rate may rise or decline along a transition path. In the positive-saving phase, such a steady state may exist uniquely, and the population growth rate may decline. With phase switching, the population growth rate may follow an inverted U-shaped curve. Human development aid may help an economy escape from an underdevelopment trap.

本文言語English
ページ(範囲)696-709
ページ数14
ジャーナルJournal of Economic Dynamics and Control
34
4
DOI
出版ステータスPublished - 2010 4 1
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 制御と最適化
  • 応用数学

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