Journal of Population Economics

, Volume 11, Issue 4, pp 535–550

A model on the escape from the Malthusian trap

  • Gunter Steinmann
  • Alexia Prskawetz
  • Gustav Feichtinger
Original

Abstract.

We consider a demoeconomic model where output is produced using physical capital, human capital and technology as inputs. Human capital depends on the number of people and the level of education in the economy. The dynamics of labour, physical capital, education and technology are endogenously determined such as to reflect the interdependence between economic and demographic factors. The longrun path of the economy and in particular the possibility to escape the Malthusian trap crucially depend on technological progress, which provides for economy wide increasing returns to scale. The build up of technology is positively related to the stock of human capital. Our model predicts that positive population growth is sufficient to escape the Malthusian trap.

Key words: Population growth Malthusian trap longrun economic growth human capital 
JEL classification: O41 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 1998

Authors and Affiliations

  • Gunter Steinmann
    • 1
  • Alexia Prskawetz
    • 2
  • Gustav Feichtinger
    • 2
  1. 1.Department of Economics, Martin-Luther University Halle-Wittenberg, Grosse Steinstrasse 73, D-06108 Halle/Saale, GermanyDE
  2. 2.Institute for Econometrics, Operations Research and Systems Theory, Vienna University of Technology, Argentinierstrasse 8, A-1040 Vienna, AustriaAT

Personalised recommendations