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R&, human capital, fertility, and growth
Publisher(s)
Scopus
University of the Thai Chamber of Commerce
Date Issued
2012
Author(s)
Luangaram, P.
Other Contributor(s)
University of the Thai Chamber of Commerce. Research Support Office
Abstract
This paper analyzes how the decisions of individuals to have children and acquire skills affect longtermgrowth. We investigatea model in which technical progress, human capital, and population arise endogenously. In such an economy, the presence ofdistortions (such as monopolistic competition, knowledge spillover, and duplication effects) leads the decentralized longrun growth to be either insufficient or excessive. We show that this result depends on the relative contribution of population and human capital in the determination of longterm growth, i. e., on how the distortions affect the tradeoff between the quantity ofoffsprings and the quality of the family members.
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Rights Holder(s)
University of the Thai Chamber of Commerce
Bibliographic Citation
F. Tournemaine, P. Luangaram (2012) R&, human capital, fertility, and growth. Journal of Population Economics Vol.25 No.3, 923-953.
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