We present a two-sector endogenous growth model with human and physical capital accumulation to analyze the long-run relationship between population growth and real per capita income growth. Formal education and investment in physical capital are assumed to be two separate components of human capital production. Along the balanced growth path equilibrium, population change may have a positive, negative, or else neutral effect on economic growth depending on whether physical and human capital are complementary/substitutes for each other in the formation of new human capital and on their degree of complementarity

Population and economic growth with human and physical capital investments / A. Bucci, D. La Torre. - In: INTERNATIONAL REVIEW OF ECONOMICS. - ISSN 1865-1704. - 56:1(2009 Mar 01), pp. 17-27. [10.1007/s12232-008-0054-5]

Population and economic growth with human and physical capital investments

A. Bucci
Primo
;
D. La Torre
Ultimo
2009

Abstract

We present a two-sector endogenous growth model with human and physical capital accumulation to analyze the long-run relationship between population growth and real per capita income growth. Formal education and investment in physical capital are assumed to be two separate components of human capital production. Along the balanced growth path equilibrium, population change may have a positive, negative, or else neutral effect on economic growth depending on whether physical and human capital are complementary/substitutes for each other in the formation of new human capital and on their degree of complementarity
Economic growth ; Population ; Human capital accumulation ; Physical capital investment
Settore SECS-P/02 - Politica Economica
Settore SECS-S/06 - Metodi mat. dell'economia e Scienze Attuariali e Finanziarie
http://springerlink.com/content/12k3540344377212/fulltext.pdf
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/52686
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