IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/17416.html
   My bibliography  Save this paper

How long is Simon’s long run? : a first approach

Author

Listed:
  • Garces Voisenat, Juan Pedro

Abstract

Julian Simon has stated, in many of his recent publications, that population growth, although reducing income per capita in the short run through capital dilution, increases the rate of growth of that same income per capita in the long run (steady state) through technical progress brought about by the increased rates of invention and innovation caused by a bigger population. This paper intends to measure empirically the length of time needed to achieve that steady state, through the experience of three industrialised countries, by means of a time-series analysis based on the models presented by Simon in his most recent work (1986).

Suggested Citation

  • Garces Voisenat, Juan Pedro, 1987. "How long is Simon’s long run? : a first approach," MPRA Paper 17416, University Library of Munich, Germany, revised 2007.
    • Handle: RePEc:pra:mprapa:17416
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/17416/1/MPRA_paper_17416.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. E. S. Phelps, 1966. "Models of Technical Progress and the Golden Rule of Research," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 33(2), pages 133-145.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:spo:wpmain:info:hdl:2441/1421 is not listed on IDEAS
    2. Charles I. Jones, 1999. "Growth: With or Without Scale Effects?," American Economic Review, American Economic Association, vol. 89(2), pages 139-144, May.
    3. Hollanders, Hugo, 1999. "From Which Side to the Steady State of the Augmented Solow Model? The Role of Country-Specific Total Factor Productivity Growth Rates," Research Memorandum 003, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    4. repec:hal:spmain:info:hdl:2441/1421 is not listed on IDEAS
    5. Charles I. Jones, "undated". "Population and Ideas: A Theory of Endogenous Growth," Working Papers 97018, Stanford University, Department of Economics.
    6. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    7. Ziesemer, Thomas, 1990. "Optimal Subsidization and Structural Change under Monopolistic Competition with Technical Progress a la Ethier," MPRA Paper 64500, University Library of Munich, Germany.
    8. Obregon, Carlos, 2022. "The Resolution of Economic Conflicts: Beyond the Economic System," MPRA Paper 122463, University Library of Munich, Germany.
    9. Frédéric Lordon, 1991. "Théorie de la croissance : quelques développements récents [Deuxième partie : la redécouverte des rendements croissants]," Revue de l'OFCE, Programme National Persée, vol. 37(1), pages 191-243.
    10. Michael A. Verba, 2022. "Growth and innovation in the presence of knowledge and R&D accumulation dynamics," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 31(6), pages 485-510, August.
    11. Esubalew Tiruneh, 2014. "Regional Economic Development in Italy: Applying the Creative Class Thesis to a Test," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(1), pages 19-36, March.
    12. Thomas Ziesemer, 2018. "Testing the Growth Links of Emerging Economies: Croatia in a Growing World Economy," Bulletin of Applied Economics, Risk Market Journals, vol. 5(1), pages 1-27.
    13. Marek Szydlowski & Adam Krawiec, 2001. "Scientific cycle model with delay," Scientometrics, Springer;Akadémiai Kiadó, vol. 52(1), pages 83-95, September.
    14. Thomas H.W. Ziesemer, 2020. "Can we have growth when population is stagnant? Testing linear growth rate formulas of non-scale endogenous growth models," Applied Economics, Taylor & Francis Journals, vol. 52(13), pages 1502-1516, March.
    15. Santacreu, Ana Maria, 2015. "Innovation, diffusion, and trade: Theory and measurement," Journal of Monetary Economics, Elsevier, vol. 75(C), pages 1-20.
    16. Michel Aglietta & Vladimir Borgy & Jean Chateau & Michel Juillard & Jacques Le Cacheux & Vincent Touzé & Gilles Le Garrec, 2005. "The Larger Europe : Technological Convergence and Labour Migrations," SciencePo Working papers Main hal-01062611, HAL.
    17. Tunde Angela Siladi-Kinter, 2015. "Techological Creativity And Economic Development," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 758-765, December.
    18. Kazuyuki Sasakura, 2020. "The Education Sector and Economic Growth: A First Study of the Uzawa Model," Working Papers 2013, Waseda University, Faculty of Political Science and Economics.
    19. Ansgar Belke & Thorsten Polleit & Kai Geisslreither, 2006. "Nobelpreis für Wirtschaftswissenschaften 2006 an Edmund S. Phelps," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 278/2005, Department of Economics, University of Hohenheim, Germany.
    20. Angela Luci & Olivier Thevenon, 2010. "Does economic development drive the fertility rebound in OECD countries?," Working Papers hal-00520948, HAL.
    21. Konstantakis, Konstantinos N. & Michaelides, Panayotis G., 2017. "Does technology cause business cycles in the USA? A Schumpeter-inspired approach," Structural Change and Economic Dynamics, Elsevier, vol. 43(C), pages 15-26, December.
    22. Edmund S. Phelps, 2010. "Makroekonomia dla nowoczesnej gospodarki," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 79-109.

    More about this item

    Keywords

    population; development; growth;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:17416. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.