EconPapers    
Economics at your fingertips  
 

Population growth and endogenous technological change: Australian economic growth in the long run

Rajabrata Banerjee

MPRA Paper from University Library of Munich, Germany

Abstract: The Australian growth experience appears to be a three-act phenomenon, with higher per capita income and living standards before 1890 and after 1940, disconnected by a 50-year period of no trend improvement in between. This paper examines the roles of technological progress and population growth in Australian productivity growth over the past two centuries. The empirical results confirm that while population growth had a negative effect, innovative activity had a positive effect on productivity growth. Furthermore, the estimates strongly support the Schumpeterian growth hypothesis, which predicts that productivity growth is driven by the levels of research intensity in the economy.

Keywords: endogenous growth; technological progress; population (search for similar items in EconPapers)
JEL-codes: O4 O3 (search for similar items in EconPapers)
Date: 2011-03
New Economics Papers: this item is included in nep-fdg and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/30892/1/MPRA_paper_30892.pdf original version (application/pdf)

Related works:
Journal Article: Population Growth and Endogenous Technological Change: Australian Economic Growth in the Long Run (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30892

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2020-03-29
Handle: RePEc:pra:mprapa:30892