Demographic change and economic growth: An inverted-U shape relationship

An, Chong-Bum; Jeon, Seung-Hoon

doi:10.1016/j.econlet.2006.03.030

Cited by 72 publications

(50 citation statements)

References 4 publications

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“…The present study shows that altruism toward children and uncertain lifetimes, which are absent in the model of Lancia and Russo (2015), are the keys to demonstrate such a hump-shaped pattern of education spending. In addition, this pattern induces a non-linear relationship between aging and economic growth, which is in line with the empirical evidence (e.g., An and Jeon, 2006;Kunze, 2014; and Panel (c) in Figure 1).…”

Section: Literature Reviewsupporting

confidence: 89%

Pensions, education, and growth: A positive analysis

Ono

Uchida

2016

Journal of Macroeconomics

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This study presents an overlapping generations model to capture the nature of the competition between generations regarding two redistribution policies, public education and public pensions. From a political economy viewpoint, we investigate the e¤ects of population aging on these policies and economic growth. We show that greater longevity results in a higher pension-to-GDP ratio. However, an increase in longevity produces an initial increase followed by a decrease in the public educationto-GDP ratio. This, in turn, results in a hump-shaped pattern of the growth rate.

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Section: Literature Reviewsupporting

confidence: 89%

Pensions, education, and growth: A positive analysis

Ono

Uchida

2016

Journal of Macroeconomics

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“…This implication is consistent with some empirical evidence (e.g. Tabata, 2005; An and Jeon, 2006). 18 The relationship between life expectancy and growth might be as illustrated in figure 1.…”

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confidence: 93%

Public Capital, Taxation and Endogenous Growth in a Finite Horizons Model

Tamai

2009

Metroeconomica

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This paper presents development of an endogenously growing finite horizons model with public capital, and investigates macroeconomic effects of fiscal policy and a change in life expectancy. Specifically regarding novel results, a growth-maximizing income tax rate exists that is less than the elasticity of public capital to output. In addition, in the model with income tax financing, there might exist an inverted-U-shaped relationship between life expectancy and growth, which is consistent with some empirical evidence. In this paper, we elucidate the interaction among public capital accumulation, taxes, growth, welfare and life expectancy.

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“…However, in investing the relationship between two variables, An and Jeon (2006) argue that we generally depend on specific functional forms. They suggest that the best way to resolve the specific forms is to utilize a non-parametric kernel regression 9 .…”

Section: Empirical Methodsmentioning

confidence: 99%

A study on the relationship between international trade and food security: Evidence from less developed countries (LDCs)

Kang¹

2015

AGR ECON-CZECH

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Hunger and poverty are main critical issues in less developed countries (LDCs) and can be attributed to the fact that almost 70% of the LDC populations are employed in the agricultural sector. Although the international trade can reduce food insecurity in LDCs, for example, facilitating the access to larger markets, the volatility in food prices since the late 2000s has negatively aff ected the food availability. Th is study examines the eff ects of trade on the food security and traces a U-shaped relationship between two variables, using 2000-2010 panel data for the LDCs. Th e results are robust across different methods and show that the food security decreases in the initial stages of the trade expansion but increases beyond a given threshold. Th e key fi nding of this study is the U-shaped relationship between trade and food security, which suggests that the policy makers should pay more attention to expanding investments in the agricultural productivity, particularly from the viewpoints of the self-suffi ciency and self-reliance.

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Demographic change and economic growth: An inverted-U shape relationship

Cited by 72 publications

References 4 publications

Pensions, education, and growth: A positive analysis

Pensions, education, and growth: A positive analysis

Public Capital, Taxation and Endogenous Growth in a Finite Horizons Model

A study on the relationship between international trade and food security: Evidence from less developed countries (LDCs)

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