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政大典藏 > College of Social Science > Department of Economics > Periodical Articles > Item 140.119/75272

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/75272

Title:	Endogenous fertility and human capital in a Schumpeterian growth model
Authors:	Chu, A.C.;Cozzi, G.;Liao, Chih-Hsing 廖志興
Contributors:	經濟系
Keywords:	Economic growth;Endogenous fertility;Patent policy
Date:	2013-01
Issue Date:	2015-05-21 17:12:23 (UTC+8)
Abstract:	This study develops a scale-invariant Schumpeterian growth model with endogenous fertility and human capital accumulation. The model features two engines of long-run economic growth: R&D-based innovation and human capital accumulation. One novelty of this study is endogenous fertility, which negatively affects the growth rate of human capital. Given this growth-theoretic framework, we characterize the dynamics of the model and derive comparative statics of the equilibrium growth rates with respect to structural parameters. As for policy implications, we analyze how patent policy affects economic growth through technological progress, human capital accumulation, and endogenous fertility. In summary, we find that strengthening patent protection has (a) a positive effect on technological progress, (b) a negative effect on human capital accumulation through a higher rate of fertility, and (c) an ambiguous overall effect on economic growth. © 2012 Springer-Verlag.
Relation:	Journal of Population Economics, 26(1), 181-202
Data Type:	article
DOI link:	http://dx.doi.org/10.1007/s00148-012-0433-9
DOI:	10.1007/s00148-012-0433-9
Appears in Collections:	[Department of Economics] Periodical Articles

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