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R&D-Based Growth in the Post-Modern Era

Holger StrulikAlexia Fürnkranz-PrskawetzKlaus Prettner

出版	Vienna Inst. of Demography, 2010
URL	http://books.google.com.hk/books?id=HTEWyAEACAAJ&hl=&source=gbs_api

註釋

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 micro-founded fertility and schooling into an otherwise standard R&D-based growth model. 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 fully developed countries - are thus much better than predicted by conventional R&D-based growth theory.