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Dilution effects, population growth and economic growth under human capital accumulation and endogenous technological change

Bucci, Alberto; Eraydın, Levent; Müller, Moritz

This paper answers the following two questions: 1) In the data, can we find 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 specific 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 effect of population growth on per-capita human capital formation) for the non-monotonous correlation between demographic and economic growth rates in the long-run.

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DOI: 10.5445/IR/1000079884
Veröffentlicht am 02.02.2018
Cover der Publikation
Zugehörige Institution(en) am KIT Institut für Volkswirtschaftslehre (ECON)
Publikationstyp Forschungsbericht/Preprint
Publikationsjahr 2018
Sprache Englisch
Identifikator ISSN: 2190-9806
KITopen-ID: 1000079884
Verlag KIT, Karlsruhe
Umfang 35 S.
Serie Working paper series in economics ; 113
Schlagwörter Human Capital Investment, Economic Growth, Population Growth, Dilution Effects, Research & Development
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