Variety, Competition, and Population in Economic Growth: Theory and Empirics

Alberto Bucci (), Lorenzo Carbonari and Giovanni Trovato ()
Additional contact information
Giovanni Trovato: CEIS & DEF, University of Rome "Tor Vergata", http://www.ceistorvergata.it

No 428, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: We provide aggregate macroeconomic evidence on how, in the long-run, a diverse degree of complexity in production may affect not only the rate of economic growth, but also the correlation between the latter, population growth and the monopolistic (intermediate) markups. For a sample of OECD countries, we find that the impact of population change on economic growth is slightly positive. According to our theoretical model, this implies that the losses due to more complexity in production are lower than the corresponding specialization gains. Using a Finite Mixture Model, we also classify the countries in the sample and verify for each cluster the impact that the population growth rate and the intermediate sector's markups exert on the 5-year average real GDP growth rate.

Keywords: Economic growth; Population growth; Variety-expansion; Specialization; Complexity; Product market competition. (search for similar items in EconPapers)
JEL-codes: J1 O3 O4 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2018-04-09, Revised 2019-10-03
New Economics Papers: this item is included in nep-gro and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://ceistorvergata.it/RePEc/rpaper/RP428.pdf Main text (application/pdf)

Related works:
Journal Article: VARIETY, COMPETITION, AND POPULATION IN ECONOMIC GROWTH: THEORY AND EMPIRICS (2021)
Working Paper: Variety, Competition, and Population in Economic Growth: Theory and Empirics (2017)
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:rtv:ceisrp:428

Ordering information: This working paper can be ordered from
CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma
https://ceistorvergata.it

Access Statistics for this paper

More papers in CEIS Research Paper from Tor Vergata University, CEIS CEIS - Centre for Economic and International Studies - Faculty of Economics - University of Rome "Tor Vergata" - Via Columbia, 2 00133 Roma. Contact information at EDIRC.
Bibliographic data for series maintained by Barbara Piazzi ().