NDLI: Population, competition, innovation, and economic growth with and without human capital investment

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Gino Barbieri: Decline and economic ideals in Italy in the early modern age. Edited by Sergio Noto and Maria Cristina Gatti. With an Introduction by David Colander : Leo S. Olschki, Florence, 2013

International Review of Economics : Volume 60

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International Review of Economics : Volume 55

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International Review of Economics : Volume 53

Population, competition, innovation, and economic growth with and without human capital investment

Content Provider	Springer Nature Link
Author	Bucci, Alberto
Copyright Year	2013
Abstract	This paper analyzes how population and product market competition (PMC) may interact with each other in affecting the pace of economic growth. The impact of a change in population (size or growth) and in the degree of PMC on productivity growth may vary depending on the presence of human versus physical capital investment, the way in which individuals may purposefully invest in human capital, the type of input used in the uncompetitive sector, the form of households’ intertemporal utility, and whether PMC (measured by the degree of substitutability between differentiated intermediates) is disentangled or not from the input shares in aggregate income. It is found that a growth model with human capital accumulation à la Lucas (J Monet Econ 22(1):3–42, 1988) and a continuum of degrees of intertemporal altruism can predict an ambiguous link between population and economic growth rates, in line with the available empirical evidence. The article also analyzes the conditions under which market structure (monopoly power) and population (size or growth) may be complementary to each other in the process of long-run economic growth.
Starting Page	61
Ending Page	84
Page Count	24
File Format	PDF
ISSN	18651704
Journal	International Review of Economics
Volume Number	61
Issue Number	1
e-ISSN	18634613
Language	English
Publisher	Springer Berlin Heidelberg
Publisher Date	2013-11-28
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Human/physical capital investment Innovation Scale effects Product market competition Population (size and growth) Endogenous/semi-endogenous growth Economic Policy Game Theory/Mathematical Methods Social Policy Methodology and the History of Economic Thought Law and Economics
Content Type	Text
Resource Type	Article
Subject	Economics, Econometrics and Finance

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