A Model on the Escape from the Malthusian Trap

Posted: 25 Feb 1999

See all articles by Gunter Steinmann

Gunter Steinmann

Martin Luther University of Halle-Wittenberg - Department of Economics

Alexia Prskawetz

Austrian Academy of Sciences - Vienna Institute of Demography

Gustav Feichtinger

Vienna University of Technology - Institute for Econometrics, Operations Research and Systems Theory

Abstract

We consider a demoeconomic model where output is produced using physical capital, human capital and technology as inputs. Human capital depends on the number of people and the level of education in the economy. The dynamics of labour, physical capital, education and technology are endogenously determined such as to reflect the interdependence between economic and demographic factors. The longrun path of the economy and in particular the possibility to escape the Malthusian trap crucially depend on technological progress, which provides for economy wide increasing returns to scale. The build up of technology is positively related to the stock of human capital. Our model predicts that positive population growth is sufficient to escape the Malthusian trap.

JEL Classification: O41

Suggested Citation

Steinmann, Gunter and F├╝rnkranz-Prskawetz, Alexia and Feichtinger, Gustav, A Model on the Escape from the Malthusian Trap. Available at SSRN: https://ssrn.com/abstract=147313

Gunter Steinmann

Martin Luther University of Halle-Wittenberg - Department of Economics ( email )

Grosse Steinstrasse 73
D-06108 Halle/Saale
Germany

Alexia F├╝rnkranz-Prskawetz

Austrian Academy of Sciences - Vienna Institute of Demography ( email )

Prinz Eugenstr. 8-10
Vienna, 1040
Austria

Gustav Feichtinger (Contact Author)

Vienna University of Technology - Institute for Econometrics, Operations Research and Systems Theory ( email )

Argentinierstrasse 8
A-1040 Vienna
Austria
+43-1-58801 ext. 11927 (Phone)
+43-1-5054524 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
828
PlumX Metrics