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Effects of a declining population in a model of economic growth

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Population Ageing and Economic Growth

Part of the book series: Contributions to Economics ((CE))

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References

  1. Barro and Sala-i-Martin (1998), 20, Inada (1963).

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  2. Barro and Sala-i-Martin (2003), 439. Schröer and Stahlecker (1996) estimate α = 0.353 and β = 0.666 for Germany. Similar Smolny (2000).

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  3. When employing the Cobb-Douglas production function, α and β add up to one. See Duffy and Papageorgiou (2000) who favour the CES function and reject the Cobb-Douglas function as suitable for growth theory in an empirical study.

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  4. Depreciation was left out in the analyses of Solow (1956) by Kurz (1982) and Schmitt-Rink (1986) (see section 2.2).

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  5. See Barro and Sala-i-Martin (1998), 28.

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  6. Solow (1994), 48.

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  7. Solow (2000), 110.

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  8. Kaldor (1961), 178f.

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  9. Solow (1956), 90.

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  10. See Phelps (1961).

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  11. Phelps (1961), (1965).

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  12. This follows Frenkel and Hemmer (1999), 171–172.

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  13. See Barro and Sala-i-Martin (1998), 44.

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  14. Barro and Sala-i-Martin (1998), 44.

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  15. Solow (1956), 85. Following Hicks (1932) a technological change is neutral if the ratio of marginal products remains unchanged for a given capital/labour ratio.

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  16. Following Harrod (1942) a technological change is neutral if the relative input shares remain unchanged for a given capital/output ratio.

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  17. See Barro and Sala-i-Martin (1998), 63.

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  18. Bretschger (1999), 38.

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  19. The technology A can be interpreted as a measure of efficiency. A · L is the effective workforce. One unit of this workforce is the effective worker. See Barro and Sala-i-Martin (1998), 41.

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  20. See Barro and Sala-i-Martin (1995), 35.

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  21. Lucas (1988) provides a model where H is a function of L as H = h · L. See chapter 4.

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  22. Mankiw et al. (1992), 417.

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  23. Mankiw et al. (1992), 422.

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  24. See e.g. Barro and Sala-i-Martin (2004), chapter 5 and Institut der deutschen Wirtschaft Köln (2005), 97ff.

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  25. Lindh and Malmberg (1999), 437.

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  26. Lindh and Malmberg (1999), 437.

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  27. Lindh and Malmberg (1999), 434.

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  28. Lindh and Malmberg (1999), 434.

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  29. Lindh and Malmberg (1999), 446.

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© 2007 Physica-Verlag Heidelberg

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(2007). Effects of a declining population in a model of economic growth. In: Population Ageing and Economic Growth. Contributions to Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-7908-1906-9_3

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