In this paper we attempt to explain the occurrence of population cycles in industrialised economies where the birth rate depends on the difference between the actual and the expected consumption rate. This model of an endogenously growing population brings together Easterlin's idea of an adapting as
โฆ LIBER โฆ
An endogenous growth cycle with vintage capital
โ Scribed by Meghnad Desai
- Publisher
- Springer US
- Year
- 1995
- Tongue
- English
- Weight
- 262 KB
- Volume
- 28
- Category
- Article
- ISSN
- 1573-9414
No coin nor oath required. For personal study only.
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