Research Subsidies, Population Control Policies, and Growth

Constantine Alexandrakis ()

Review of Development Economics, 2008, vol. 12, issue 1, pages 106-123

Abstract: Several R&D-based growth models without scale effects claim that subsidies to R&D are not conductive for economic growth while a faster growing population is. Yet, in an effort to maintain high growth rates, most OECD countries continue to subsidize R&D, while several developing countries are trying to control the size of their population. Are these countries misguided? This study introduces an R&D-based growth model that is characterized by complementarities between technology and human capital. The model is free of scale effects and consistent with the above-mentioned policies. By applying the model to US data the study uncovers a possible explanation for the productivity slowdown. Copyright © 2007 The Author; Journal compilation © 2007 Blackwell Publishing Ltd.

Date: 2008

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