Health Spending, Education and Endogenous Demographics in an OLG Model

Cipriani, Giam Pietro; Fioroni, Tamara

doi:10.1007/978-3-030-21599-6_7

Cited by 2 publications

(1 citation statement)

References 33 publications

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“…Mariani et al (2019) analyzed in a dynamic perspective the relation between the endogenous forces of demographic change and the environmental conditions. Finally, it is also important to mention the role of government on these issues and the implications of its action, mentioned by Agenor (2019) and Cipriani and Fioroni (2019).…”

Section: Gdp and Population Growthmentioning

confidence: 99%

GDP and population growth: Evidence of fractional cointegration with historical data from 1820 onwards

Gil-Alana

Villanueva

Gil-López

2021

JES

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PurposeUsing data from 1820 onwards in a group of seven countries, namely, Australia, Chile, Denmark, France, the UK, Italy and the USA, the authors investigate if there is a long-run equilibrium relationship between the two variables (GDP and population).Design/methodology/approachUsing fractional integration and cointegration methods, this paper deals with the analysis of the relationship between GDP and population using historical data.FindingsThe authors’ results show first that the two series are highly persistent, presenting orders of integration close to or above 1 in practically all cases. Testing cointegration between the two variables, the results are quite variable depending on the methodology and the bandwidth numbers used, but if cointegration takes places, it only occurs in the cases of France, Italy and the UK.Research limitations/implicationsThe fact that the orders of integration of all series is close to 1 indicate high levels of persistence with shocks having permanent effects and requiring strong measures to recover the original trends.Practical implicationsAny shock affecting the series will have a permanent nature, persisting forever.Originality/valueUpdated time series techniques based on concepts such as fractional integration and cointegration are used.

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Section: Gdp and Population Growthmentioning

confidence: 99%

GDP and population growth: Evidence of fractional cointegration with historical data from 1820 onwards

Gil-Alana

Villanueva

Gil-López

2021

JES

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Endogenous education and the reversal in the relationship between fertility and economic growth

Bucci

Prettner

2020

J Popul Econ

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To reconcile the predictions of research and development (R&D)-based growth theory regarding the impact of population growth on productivity growth with the available empirical evidence, we propose a tractable, continuous-time, multisector, R&D-based growth model with endogenous education and endogenous fertility. As long as the human capital dilution effect is sufficiently weak, faster population growth may lead to faster aggregate human capital accumulation, to faster technological progress, and, thus, to a higher growth rate of productivity. By contrast, when the human capital dilution effect becomes sufficiently strong, faster population growth slows down aggregate human capital accumulation, dampens the rate of technical change, and, thus, reduces productivity growth. Therefore, the model can account for the possibly negative correlation between population growth and productivity growth in R&D-based models depending on the strength of the human capital dilution effect.

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Health Spending, Education and Endogenous Demographics in an OLG Model

Cited by 2 publications

References 33 publications

GDP and population growth: Evidence of fractional cointegration with historical data from 1820 onwards

GDP and population growth: Evidence of fractional cointegration with historical data from 1820 onwards

Endogenous education and the reversal in the relationship between fertility and economic growth

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