which growth theory is this? is it the one where womens participation in the labor force depends on the opportunity cost of having children or something?
Are you referring to the Classical Growth Theory?
Tech Up = Labor productivity Up = population growth Up = real GDP/per labor hr Down
Wages Down = Population Down= Cycle continues
So I dont think population growth drives the economic growth. Am I missing something?
who says low population growth fosters ecnomic growth. there are many theories and these theories dont’ quantify how much of population growth is ideal.
but if you ever read production function (cobb douglas), then you’ll know that, that the answer really depends. as long as your capital per labor output is growing you are going to have growth. now if u have more ppl, more research and more tech, its possible you can employ the new population to grow ur capital per person at a much faster rate than population growth. Ex. USA / China
but if u have less people but everythign else remain constant then ppl enjoy more. EX. Luxemborg.
I believe this is referring to the Neoclassical Growth Theory that states that one of the main drivers of per capita GDP growth is the opportunity cost of women’s time. If the opportunity cost is high more women will work in lieu of raising children, therefore, contributing to GDP through working and contributing on a per capita basis by not having children.
发表于 2013-3-31 13:04
| 