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dc.contributor.author
Valente, Simone
dc.contributor.author
Peretto, Pietro F.
dc.date.accessioned
2019-05-22T11:39:44Z
dc.date.available
2017-06-09T16:52:30Z
dc.date.available
2017-07-07T11:37:50Z
dc.date.available
2019-05-22T11:39:44Z
dc.date.issued
2011-06
dc.identifier.uri
http://hdl.handle.net/20.500.11850/40235
dc.identifier.doi
10.3929/ethz-a-006519301
dc.description.abstract
We study the interactions between technological change, resource scarcity and population dynamics in a Schumpeterian model with endogenous fertility. There exists a pseudo-Malthusian equilibrium in which population is constant and income grows exponentially: the equilibrium population level is determined by resource scarcity but is independent of technology. The stability properties are driven by (i) the income reaction to increased resource scarcity and (ii) the fertility response to income dynamics. If labor and resources are substitutes in production, income and fertility dynamics are self-balancing and the pseudo-Malthusian equilibrium is the global attractor of the system. If labor and resources are complements, income and fertility dynamics are self-reinforcing and drive the economy towards either demographic explosion or human extinction. Introducing a minimum resource requirement, we obtain a second steady state implying constant population even under complementarity. The standard result of exponential population growth appears as a rather special case of our model.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Endogenous innovation
en_US
dc.subject
Resource scarcity
en_US
dc.subject
Population growth
en_US
dc.subject
Fertility choices
en_US
dc.title
Growth on a finite planet: resources, technology and population in the long run
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
11/147
en_US
ethz.size
40 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.code.jel
JEL - JEL::E - Macroeconomics and Monetary Economics::E1 - General Aggregative Models::E10 - General
en_US
ethz.code.jel
JEL - JEL::L - Industrial Organization::L1 - Market Structure, Firm Strategy, and Market Performance::L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
en_US
ethz.code.jel
JEL - JEL::O - Economic Development, Innovation, Technological Change, and Growth::O3 - Innovation; Research and Development; Technological Change; Intellectual Property Rights::O31 - Innovation and Invention: Processes and Incentives
en_US
ethz.code.jel
JEL - JEL::O - Economic Development, Innovation, Technological Change, and Growth::O4 - Economic Growth and Aggregate Productivity::O40 - General
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas / Bretschger, Lucas
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas / Bretschger, Lucas
ethz.date.deposited
2017-06-09T16:52:36Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59366b04375f166282
ethz.identifier.importid
imp59364e91f244646076
ethz.ecolpid
eth:2850
ethz.ecitpid
pub:67379
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-07T11:38:20Z
ethz.rosetta.lastUpdated
2020-02-15T19:11:43Z
ethz.rosetta.versionExported
true
ethz.COinS
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