Semi-Endogenous R&D Growth Model with Negative Population Growth

Hiroaki Sasaki and Keisuke Hoshida

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates the rates of technological progress, total output growth, and per capita output growth when population growth is negative by using a semi-endogenous R&D growth model. The analysis shows that within finite time, the employment share of the final goods sector reaches unity, the employment share of the R&D sector reaches zero, and accordingly, the rate of technological progress leads to zero. In this case, the growth rate of per capita output asymptotically approaches a positive value.

Keywords: technological progress; semi-endogenous growth; negative population growth (search for similar items in EconPapers)
JEL-codes: O11 O31 O41 (search for similar items in EconPapers)
Date: 2014-02-21
New Economics Papers: this item is included in nep-fdg, nep-gro and nep-ino
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:53833

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