The Role of Human Capital and Population Growth in R&D-Based Models of Economic Growth

17 Pages Posted: 5 Feb 2005

See all articles by Holger Strulik

Holger Strulik

University of Goettingen (Gottingen) - School of Law, Economics, Social Sciences

Abstract

Human capital accumulation is introduced in a growth model with R&D-driven expansion in variety and quality of intermediate goods and knowledge spillovers from both research activities. Economic growth is no longer uniquely tied to population growth as previous growth models without scale effects suggest. The model predicts that economic growth depends positively on the rate of human capital accumulation and positively or negatively on population growth and is therefore supported by empirical evidence to a greater extent than previous models. In particular, long-run growth is compatible with a stable population.

Suggested Citation

Strulik, Holger, The Role of Human Capital and Population Growth in R&D-Based Models of Economic Growth. Review of International Economics, Vol. 13, No. 1, pp. 129-145, February 2005. Available at SSRN: https://ssrn.com/abstract=661596

Holger Strulik (Contact Author)

University of Goettingen (Gottingen) - School of Law, Economics, Social Sciences ( email )

Germany

Register to save articles to
your library

Register

Paper statistics

Downloads
31
Abstract Views
1,153
PlumX Metrics