Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 叶创基教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1007/s001480050033 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/11WOS source URL
其它资讯
摘要This paper studies the equilibrium dynamics and indeterminacy of equilibria in an endogenous growth model with endogenous fertility choice. We characterize the conditions that give rise to an unique equilibrium as well as multiple equilibria, Whenever there exists a unique equilibrium, it will be globally determinate; when multiple equilibria arise, indeterminacy occurs, In particular, we find that two equilibria occur - one is associated with high fertility and low growth, while the other is associated with low fertility and high growth. A parameterized example is given to assess the empirical feasibility of our results. The validity of the neo-Malthusian relation between fertility and growth is then re-examined. Finally, we study the relation between growth and welfare and compare different balanced growth equilibria in terms of their lifetime-attained utility.
着者Yip CK, Zhang JX
期刊名称Journal of Population Economics
出版年份1997
月份2
日期1
卷号10
期次1
出版社SPRINGER VERLAG
页次97 - http://aims.cuhk.edu.hk/converis/portal/Publication/110
国际标準期刊号0933-1433
电子国际标準期刊号1432-1475
语言英式英语
关键词endogenous fertility; endogenous growth
Web of Science 学科类别Business & Economics; Demography; DEMOGRAPHY; Economics; ECONOMICS
