A model on the escape from the Malthusian trap |
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Authors: | Steinmann G Prskawetz A Feichtinger G |
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Institution: | (1) Department of Economics, Martin-Luther University Halle-Wittenberg, Grosse Steinstrasse 73, D-06108 Halle/Saale, Germany, DE;(2) Institute for Econometrics, Operations Research and Systems Theory, Vienna University of Technology, Argentinierstrasse 8, A-1040 Vienna, Austria, AT |
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Abstract: | We consider a demoeconomic model where output is produced using physical capital, human capital and technology as inputs.
Human capital depends on the number of people and the level of education in the economy. The dynamics of labour, physical
capital, education and technology are endogenously determined such as to reflect the interdependence between economic and
demographic factors. The longrun path of the economy and in particular the possibility to escape the Malthusian trap crucially
depend on technological progress, which provides for economy wide increasing returns to scale. The build up of technology
is positively related to the stock of human capital. Our model predicts that positive population growth is sufficient to escape
the Malthusian trap.
Received: 22 August 1996 / Accepted: 11 December 1997 |
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Keywords: | : Population growth Malthusian trap longrun economic growth human capital |
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