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The Population Question in a Neoclassical Growth Model. A Brief Theory of Production per Capita

Lueger, Tim (2019):
The Population Question in a Neoclassical Growth Model. A Brief Theory of Production per Capita.
Darmstadt, In: Darmstadt Discussion Papers in Economics, ISSN 1438-2733,
[Online-Edition: https://tuprints.ulb.tu-darmstadt.de/8570],
[Report]

Abstract

This work seeks to answer the "population question," i.e. the effect of population growth on production per capita. This question has lingered in economic thought for centuries and to this day two general lines of thought can be identified, which might be marked as the "optimist" and the "pessimist" view. While the optimists claim that an increase in population will - chiefly owed to concomitant specialization and technological progress - raise average production per capita, the pessimists maintain that the latter would decline as a result of resources becoming relatively more scarce. Integrating both approaches and using a neoclassical framework, this work intends to show that sustainably increasing productivity is predominantly the result of reducing too high fertility toward a lower level such that diminishing returns are outweighed by the benefits from labor division. The paper argues that the historical reduction of fertility can almost completely explain long-run development.

Item Type: Report
Erschienen: 2019
Creators: Lueger, Tim
Title: The Population Question in a Neoclassical Growth Model. A Brief Theory of Production per Capita
Language: English
Abstract:

This work seeks to answer the "population question," i.e. the effect of population growth on production per capita. This question has lingered in economic thought for centuries and to this day two general lines of thought can be identified, which might be marked as the "optimist" and the "pessimist" view. While the optimists claim that an increase in population will - chiefly owed to concomitant specialization and technological progress - raise average production per capita, the pessimists maintain that the latter would decline as a result of resources becoming relatively more scarce. Integrating both approaches and using a neoclassical framework, this work intends to show that sustainably increasing productivity is predominantly the result of reducing too high fertility toward a lower level such that diminishing returns are outweighed by the benefits from labor division. The paper argues that the historical reduction of fertility can almost completely explain long-run development.

Series Name: Darmstadt Discussion Papers in Economics
Volume: 235
Place of Publication: Darmstadt
Divisions: 01 Department of Law and Economics
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete
01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Economic Theory
Date Deposited: 24 Mar 2019 20:55
Official URL: https://tuprints.ulb.tu-darmstadt.de/8570
URN: urn:nbn:de:tuda-tuprints-85708
Additional Information:

JEL classification: B12, B22, J1, O47, N01, N3

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