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.
| 元の言語 | English |
|---|---|
| ページ（範囲） | 696-709 |
| ページ数 | 14 |
| ジャーナル | Journal of Economic Dynamics and Control |
| 巻 | 34 |
| 発行部数 | 4 |
| DOI | |
| 出版物ステータス | Published - 2010 4 |
| 外部発表 | Yes |
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ASJC Scopus subject areas
- Economics and Econometrics
- Control and Optimization
- Applied Mathematics
これを引用
Productive consumption and population dynamics in an endogenous growth model : Demographic trends and human development aid in developing economies. / Daitoh, Ichiroh.
：: Journal of Economic Dynamics and Control, 巻 34, 番号 4, 04.2010, p. 696-709.研究成果: Article
}
TY - JOUR
T1 - Productive consumption and population dynamics in an endogenous growth model
T2 - Demographic trends and human development aid in developing economies
AU - Daitoh, Ichiroh
PY - 2010/4
Y1 - 2010/4
N2 - 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.
AB - 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.
KW - Endogenous growth
KW - Population dynamics
KW - Productive consumption
UR - http://www.scopus.com/inward/record.url?scp=77950299717&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=77950299717&partnerID=8YFLogxK
U2 - 10.1016/j.jedc.2009.11.004
DO - 10.1016/j.jedc.2009.11.004
M3 - Article
AN - SCOPUS:77950299717
VL - 34
SP - 696
EP - 709
JO - Journal of Economic Dynamics and Control
JF - Journal of Economic Dynamics and Control
SN - 0165-1889
IS - 4
ER -