The Role of Human Capital and Population Growth in R&D-Based Models of Economic Growth
Holger Strulik ()
Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics
Human capital accumulation is introduced in a growth model with R\&D-driven expansion in variety and quality of intermediate goods andknowledge spillovers from both research activities. Economic growth is no 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 and is therefore supported by empirical evidence to a greater extent than previous models. In particular, long-run growth is compatible with a stable population.
Keywords: Human Capital; Population Growth; Endogenous Economic Growth; R&D-Spillovers (search for similar items in EconPapers)
JEL-codes: E10 O31 O40 (search for similar items in EconPapers)
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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 (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:ham:qmwops:20109
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