Population and economic growth with human and physical capital investments

Alberto Bucci and Davide La Torre

Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano

Abstract: We present a two-sector endogenous growth model with human and physical capital accumulation in order to analyze the long run relationship between population growth and real per capita income growth. Learning is assumed to affect agents’ decision of how much to invest in formal education. Along the balanced growth path equilibrium population change may have a positive, negative, or neutral effect on economic growth depending on whether physical and human capital are complementary/substitutes for each other in the production of new human capital and on their degree of complementarity.

Keywords: Economic Growth; Population Chang; Learning by using; Human Capital Investment; Physical Capital Accumulation (search for similar items in EconPapers)
JEL-codes: J10 J24 O41 (search for similar items in EconPapers)
Date: 2007-12-03
New Economics Papers: this item is included in nep-dev, nep-dge, nep-fdg and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://wp.demm.unimi.it/files/wp/2007/DEMM-2007_045wp.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to wp.demm.unimi.it:443 (Bad file descriptor) (http://wp.demm.unimi.it/files/wp/2007/DEMM-2007_045wp.pdf [301 Moved Permanently]--> https://wp.demm.unimi.it/files/wp/2007/DEMM-2007_045wp.pdf)

Related works:
Journal Article: Population and economic growth with human and physical capital investments (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mil:wpdepa:2007-45

Access Statistics for this paper

More papers in Departmental Working Papers from Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano Via Conservatorio 7, I-20122 Milan - Italy. Contact information at EDIRC.
Bibliographic data for series maintained by DEMM Working Papers ( this e-mail address is bad, please contact ).