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| Thomas Christiaans |
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| ''Semi-endogenous growth when population is decreasing'' |
| ( 2011, Vol. 31 No.3 ) |
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| The paper analyzes the effect of a negative population growth rate on per capita income growth using a simple model of semi-endogenous growth. It is shown that there is a non-monotonous relationship between population growth rates and long-run per capita income growth rates. Compared to the case of positive population growth the dynamics are richer and depend on the rate of depreciation. Semi-endogenous growth becomes partly endogenous. |
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| Keywords: negative population growth, semi-endogenous growth |
JEL: O4 - Economic Growth and Aggregate Productivity: General
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| Manuscript Received : Mar 23 2011 | | Manuscript Accepted : Sep 16 2011 |
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