2015
DOI: 10.1007/s10887-015-9118-z
|View full text |Cite
|
Sign up to set email alerts
|

Growth on a finite planet: resources, technology and population in the long run

Abstract: We study the interactions between technological change, resource scarcity and population dynamics in a Schumpeterian model with endogenous fertility.We …nd a pseudo-Malthusian equilibrium in which population is constant and determined by resource scarcity while income grows exponentially. If labor and resources are substitutes in production, income and fertility dynamics are selfbalancing and the pseudo-Malthusian equilibrium is the global attractor of the system. If labor and resources are complements, income… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
1
1

Citation Types

1
50
0

Year Published

2016
2016
2023
2023

Publication Types

Select...
6
2
1

Relationship

0
9

Authors

Journals

citations
Cited by 71 publications
(51 citation statements)
references
References 33 publications
1
50
0
Order By: Relevance
“…Our work thus also relates to Schumpeterian growth theories that circumvent the scale effect with a product-line representation of R&D (Dinopoulos and Thompson, 1998;Peretto, 1998;Young, 1998). These have been used to develop growth models with endogenous population and resource constraints, most notably Bretschger (2013) and Peretto and Valente (2015), and these theoretical contributions are thus close in spirit to our work. Our treatment of land as a scarce form of capital is, however, novel, and by taking our model to the data, we also provide new evidence on the quantitative importance of resource constraints for global development.…”
Section: Introductionmentioning
confidence: 59%
“…Our work thus also relates to Schumpeterian growth theories that circumvent the scale effect with a product-line representation of R&D (Dinopoulos and Thompson, 1998;Peretto, 1998;Young, 1998). These have been used to develop growth models with endogenous population and resource constraints, most notably Bretschger (2013) and Peretto and Valente (2015), and these theoretical contributions are thus close in spirit to our work. Our treatment of land as a scarce form of capital is, however, novel, and by taking our model to the data, we also provide new evidence on the quantitative importance of resource constraints for global development.…”
Section: Introductionmentioning
confidence: 59%
“…The interaction between human population, technology and income has been mainly studied by endogenous growth theory, which distinguishes three phases of economic development (Galor and Weil, 2000;Kogel and Prskawetz, 2001): (1) a Malthusian regime with low rates of technological change and high rates of population growth preventing per capita income to rise; (2) a Post-Malthusian Regime, where technological progress rises and allows both population and income to grow, and (3) a Modern Growth regime characterized by reduced population growth and sustained income growth (Peretto and Valente, 2015). Transition to this third regime results from a demographic transition which reverses the positive relationship between income and population growth.…”
Section: Human Demographymentioning
confidence: 99%
“…The growth rate of human populations can be related to consumption levels [44] by capturing basic linkages between technology and human demography [45,46,47]. Using the same auxiliary economic model as in Lafuite & Loreau [33], we derive the per capita industrial and agricultural consumptions as functions of biodiversity and technological efficiency.…”
Section: Human Demography and Technological Changementioning
confidence: 99%
“…By increasing production efficiency, technological change helps counterbalancing the feedback of biodiversity loss on agricultural productivity in the short term, thus ensuring that the consumption utility of consumers does not decrease with time [33]. Following previous studies [44,47], we then assume that the human growth rate endogenously varies with the mean agricultural and industrial consumptions, so as to increase with agricultural consumption, and decrease with industrial consumption, capturing the effect of the demographic transition.…”
Section: Human Demography and Technological Changementioning
confidence: 99%