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A model on the escape from the Malthusian trap

Alexia Fürnkranz-Prskawetz, Gunter Steinmann and Gustav Feichtinger
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Gunter Steinmann: Department of Economics, Martin-Luther University Halle-Wittenberg, Grosse Steinstrasse 73, D-06108 Halle/Saale, Germany

Journal of Population Economics, 1998, vol. 11, issue 4, 535-550

Abstract: We consider a demoeconomic model where output is produced using physical capital, human capital and technology as inputs. Human capital depends on the number of people and the level of education in the economy. The dynamics of labour, physical capital, education and technology are endogenously determined such as to reflect the interdependence between economic and demographic factors. The longrun path of the economy and in particular the possibility to escape the Malthusian trap crucially depend on technological progress, which provides for economy wide increasing returns to scale. The build up of technology is positively related to the stock of human capital. Our model predicts that positive population growth is sufficient to escape the Malthusian trap.

Keywords: Population; growth; ·; Malthusian; trap; ·; longrun; economic; growth; ·; human; capital (search for similar items in EconPapers)
JEL-codes: O41 (search for similar items in EconPapers)
Date: 1999-01-21
Note: Received: 22 August 1996 / Accepted: 11 December 1997
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Citations: View citations in EconPapers (5)

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