Population Growth and human capital: a Welfarist Approach

Renström, T.; Spataro, L.

doi:10.1111/manc.12110

Population Growth and human capital: a Welfarist Approach

Renström, T.; Spataro, L.

Authors

Dr Thomas Renstrom t.i.renstrom@durham.ac.uk
Associate Professor

L. Spataro

Abstract

In this paper, we investigate the relationship between economic and population growth in an endogenous growth model driven by human capital accumulation Because we allow for endogenous population growth, we adopt the population criterion “Relative Critical Level Utilitarianism”, which allows the critical level utility to depend on parents' well-being. In this scenario, we investigate the equilibrium relationship between economic growth and population growth and we provide the conditions for the economic take-off to occur. A simulation analysis calibrated on developing countries shows that the model has the potential to explain the dynamics of the latter variables experienced by those countries.

Citation

Renström, T., & Spataro, L. (2015). Population Growth and human capital: a Welfarist Approach. Manchester School, 83(S2), 110-141. https://doi.org/10.1111/manc.12110

Journal Article Type	Article
Acceptance Date	May 11, 2015
Online Publication Date	Aug 24, 2015
Publication Date	Sep 1, 2015
Deposit Date	May 31, 2015
Publicly Available Date	Aug 24, 2017
Journal	Manchester School
Print ISSN	1463-6786
Electronic ISSN	1467-9957
Publisher	University of Manchester
Peer Reviewed	Peer Reviewed
Volume	83
Issue	S2
Pages	110-141
DOI	https://doi.org/10.1111/manc.12110
Keywords	Population growth, Endogenous growth, Human capital, Critical level utilitarianism.
Public URL	https://durham-repository.worktribe.com/output/1407216

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Copyright Statement
This is the accepted version of the following article: Renström, T. I. and Spataro, L. (2015), Population Growth and Human Capital: A Welfarist Approach. The Manchester School, 83(S2): 110-141, which has been published in final form at http://dx.doi.org/10.1111/manc.12110. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.