Human-Capital Spillover, Population, and Economic Growth
Bharat Diwakar and
Gilad Sorek ()
Authors registered in the RePEc Author Service: Bharat Diwakar ()
No auwp2016-02, Auburn Economics Working Paper Series from Department of Economics, Auburn University
We study two-sector R&D model with endogenous human capital accumulation. Allowing for fractional human capital spillover from parents to their o¤spring, which are subject to congestion in fertility rate, we establish non-monotonic relations between population growth and economic growth. These non-monotonic relations, which are polynomial in general, are determined by the base level of human capital spillover and the magnitude of the congestion e¤ect: a U shape relation can arise under low congestion factor, whereas a hump shape may present for high congestion factor.
Keywords: Innovation-Based Growth; Population Growth; Human-Capital Spillover (search for similar items in EconPapers)
JEL-codes: O31 O40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gro and nep-ino
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