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Dynastic Altruism, Population, and R&D based Growth

Author

Listed:
  • Bharat Diwakar

    (Economics Department, Auburn University)

  • Gilad Sorek

    (Economics Department, Auburn University)

Abstract

We show that non-linear dynastic altruism toward future generations yields a non-monotonic relation between population growth and economic prosperity, which is polynomial in general. The exact shape of this non-monotonic relation depends on the concavity of parental altruistic utility. Hence, this work contributes to a recent line of modified R&D-based growth models aimed at aligning theory with empirical evidence on the non-linear relation between population growth and economic prosperity.

Suggested Citation

  • Bharat Diwakar & Gilad Sorek, 2016. "Dynastic Altruism, Population, and R&D based Growth," Economics Bulletin, AccessEcon, vol. 36(4), pages 2003-2009.
    • Handle: RePEc:ebl:ecbull:eb-16-00554
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    References listed on IDEAS

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    More about this item

    Keywords

    Dynastic Altruism; Population Growth; R&D-based Growth;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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