The computable overlapping generations model with an endogenous growth mechanism

Akira Sadahiro, Manabu Shimasawa*

*この研究の対応する著者

    研究成果: Article査読

    22 被引用数 (Scopus)

    抄録

    The overlapping generations model based on the endogenous growth theory, incorporating human capital stock has been developed and some simulations under the alternative population growth patterns and some sensitivity analyses, with respect to some key parameters have been conducted. The main results are as follows: (1) the endogenously determined growth rate of human capital offsets the negative population growth rates; (2) the individual has an incentive to allocate his/her time into schooling investments for accumulating his/her human capital in the phase of declining population growth; and (3) there is a negative correlation between the growth rate of labor being supplied and human capital.

    本文言語English
    ページ(範囲)1-24
    ページ数24
    ジャーナルEconomic Modelling
    20
    1
    DOI
    出版ステータスPublished - 2003 1

    ASJC Scopus subject areas

    • 経済学、計量経済学

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