Dynastic Altruism, Population, and R&D based Growth
Bharat Diwakar () and
Gilad Sorek ()
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Bharat Diwakar: Economics Department, Auburn University
Authors registered in the RePEc Author Service: Bharat Diwakar ()
Economics Bulletin, 2016, vol. 36, issue 4, 2003-2009
We show that non-linear dynastic altruism toward future generations yields a non-monotonic relation between population growth and economic prosperity, which is polynomial in general. The exact shape of this non-monotonic relation depends on the concavity of parental altruistic utility. Hence, this work contributes to a recent line of modified R&D-based growth models aimed at aligning theory with empirical evidence on the non-linear relation between population growth and economic prosperity.
Keywords: Dynastic Altruism; Population Growth; R&D-based Growth (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
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