This paper answers the following two questions: 1) In the data, can we nd a dilution effect of population growth also on per-capita human capital investment? If yes, 2) how can we use this fact to explain theoretically the existence of a differential impact of population change on economic growth across countries? In the first part of the article we document empirically the considerable across-countries heterogeneity of a dilution effect of population growth also in regard to the process of per-capita human capital formation and observe that, at a country's level, population growth may be relevant (either positively or negatively) for economic growth depending on the specic way it affects the process of schooling-acquisition by agents. In the second part of the paper we use these results in order to build a multi-sector growth model which is capable of accounting (depending on the strength of the found dilution eect of population growth on per-capita human capital formation) for the non-monotonous correlation between demographic and economic growth rates in the longrun.
Dilution effects, population growth and economic growth under human capital accumulation and endogenous technological change / A. Bucci, L. Eraydin, M. Mueller. - In: WORKING PAPER SERIES IN ECONOMICS. - ISSN 2190-9806. - 2018(2018 Jan).
|Titolo:||Dilution effects, population growth and economic growth under human capital accumulation and endogenous technological change|
BUCCI, ALBERTO (Corresponding)
|Parole Chiave:||human capital investment; economic growth; population growth; dilution effects; research&development|
|Settore Scientifico Disciplinare:||Settore SECS-P/01 - Economia Politica|
|Data di pubblicazione:||gen-2018|
|Appare nelle tipologie:||01 - Articolo su periodico|