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Semi-Endogenous R&D Growth Model with Negative Population Growth

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  • Sasaki, Hiroaki
  • Hoshida, Keisuke

Abstract

This paper investigates the rates of technological progress, total output growth, and per capita output growth when population growth is negative by using a semi-endogenous R&D growth model. The analysis shows that within finite time, the employment share of the final goods sector reaches unity, the employment share of the R&D sector reaches zero, and accordingly, the rate of technological progress leads to zero. In this case, the growth rate of per capita output asymptotically approaches a positive value.

Suggested Citation

  • Sasaki, Hiroaki & Hoshida, Keisuke, 2014. "Semi-Endogenous R&D Growth Model with Negative Population Growth," MPRA Paper 53833, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53833
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    File URL: https://mpra.ub.uni-muenchen.de/53833/1/MPRA_paper_53833.pdf
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    References listed on IDEAS

    as
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    8. Jakob Madsen, 2008. "Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data," Journal of Economic Growth, Springer, vol. 13(1), pages 1-26, March.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    technological progress; semi-endogenous growth; negative population growth;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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