The Role of Human Capital and Population Growth in R&D-Based Models of Economic Growth
Holger Strulik ()
No 170, Royal Economic Society Annual Conference 2002 from Royal Economic Society
Human capital accumulation is introduced into a growth model with R&D-driven expansion in variety and quality and knowledge spillovers from both research activities. Economic growth is not longer uniquely tied to population growth as previous growth models without scale effects suggest. The model predicts that economic growth depends positively on the rate of human capital accumulation and positively or negatively on population growth. It is therefore harder to reject by empirical evidence. Long-run growth is compatible with a stable population. As in previous studies the market generates the optimal growth rate but possibly a suboptimal level of the growth path. I calibrate the model with U.S. data and investigate whether the market provides too little or too much R&D.
New Economics Papers: this item is included in nep-dev
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
http://repec.org/res2002/Strulik.pdf full text
Journal Article: The Role of Human Capital and Population Growth in R&D‐based Models of Economic Growth* (2005)
Working Paper: The Role of Human Capital and Population Growth in R&D-Based Models of Economic Growth (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ecj:ac2002:170
Access Statistics for this paper
More papers in Royal Economic Society Annual Conference 2002 from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F. Baum ().