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Effects of demographic factors on technological change and economic growth

Effects of demographic factors on technological change and economic growth
Effects of demographic factors on technological change and economic growth
The endogenous technology literature usually treats human capital as proportional to the population level. As a result, it finds a linear relationship between the population size or growth rate and technological improvement. In this paper I introduce human capital investment in an endogenous technology framework. It is shown that population affects technological improvement both directly and through the stream of human capital, with technology also having a feedback effect on the latter. These multiple effects of demographic factors on R&D, human capital and economic growth can explain certain facts, such as the growth patterns of the last two centuries.
308
University of Southampton
Misoulis, Nicholas
c51367bb-bb9b-44e5-a22c-55d03c7bb0c2
Misoulis, Nicholas
c51367bb-bb9b-44e5-a22c-55d03c7bb0c2

Misoulis, Nicholas (2003) Effects of demographic factors on technological change and economic growth Southampton. University of Southampton (Discussion Papers in Economics and Econometrics, 308)

Record type: Monograph (Discussion Paper)

Abstract

The endogenous technology literature usually treats human capital as proportional to the population level. As a result, it finds a linear relationship between the population size or growth rate and technological improvement. In this paper I introduce human capital investment in an endogenous technology framework. It is shown that population affects technological improvement both directly and through the stream of human capital, with technology also having a feedback effect on the latter. These multiple effects of demographic factors on R&D, human capital and economic growth can explain certain facts, such as the growth patterns of the last two centuries.

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Published date: 2003

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Local EPrints ID: 33496
URI: https://eprints.soton.ac.uk/id/eprint/33496
PURE UUID: 575d9118-5e19-4d40-ac16-087c75ae215f

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Date deposited: 18 May 2006
Last modified: 17 Jul 2017 15:52

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