Lueger, Tim (2019):
The Population Question in a Neoclassical Growth Model. A Brief Theory of Production per Capita.
In: Darmstadt Discussion Papers in Economics, 235, Darmstadt, ISSN 1438-2733,
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Item Type: | Report |
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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: | Darmstadt Discussion Papers in Economics |
Series Volume: | 235 |
Place of Publication: | Darmstadt |
Classification DDC: | 300 Sozialwissenschaften > 330 Wirtschaft |
Divisions: | 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Economic Theory |
Date Deposited: | 22 Mar 2019 10:18 |
Last Modified: | 09 Jul 2020 02:33 |
URN: | urn:nbn:de:tuda-tuprints-85708 |
Additional Information: | JEL classification: B12, B22, J1, O47, N01, N3 |
URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/8570 |
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