R&D-based Growth in the Post-modern Era

Holger Strulik (), Klaus Prettner and Alexia Fürnkranz-Prskawetz

PGDA Working Papers from Program on the Global Demography of Aging

Abstract: Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate R&D-based growth into a unified growth setup with micro-founded fertility and schooling behavior. We then show how a Beckerian child quality-quantity trade-off explains why higher growth of productivity and income per capita are associated with lower population growth. The medium-run prospects for future economic growth - when fertility is going to be below replacement level in virtually all developed countries - are thus much better than predicted by conventional R&D-based growth theory.

Keywords: R&D; unified growth theory; declining population; fertility; schooling; human capital; post-modern society. (search for similar items in EconPapers)
Date: 2011-08
New Economics Papers: this item is included in nep-dem, nep-dge, nep-evo, nep-fdg and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.hsph.harvard.edu/pgda/WorkingPapers/2011/PGDA_WP_74.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.hsph.harvard.edu/pgda/WorkingPapers/2011/PGDA_WP_74.pdf [301 Moved Permanently]--> https://www.hsph.harvard.edu/pgda/WorkingPapers/2011/PGDA_WP_74.pdf [301 Moved Permanently]--> http://hsph.harvard.edu/research/global-demography-aging/ [301 Moved Permanently]--> https://hsph.harvard.edu/research/global-demography-aging/)

Related works:
Working Paper: R&D-based growth in the post-modern era (2011)
Working Paper: R\&D-based Growth in the Post-modern Era (2010)
Working Paper: R&D-Based Growth in the Post-Modern Era (2010)
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:gdm:wpaper:7411

Access Statistics for this paper

More papers in PGDA Working Papers from Program on the Global Demography of Aging
Bibliographic data for series maintained by Cinzia Smothers ( this e-mail address is bad, please contact ).