
This paper presents a model that illustrates the joint determination of population and development. "Economic and demographic outcomes are determined jointly in a choice-theoretic model of fertility, mortality and capital accumulation.... In addition to choosing savings and births, parents may reduce (infant) deaths by incurring expenditures on health-care which is also provided by the government. A generalised production technology accounts for long-run endogenous growth with short-run transitional dynamics. The analysis yields testable time series and cross-section implications which accord with the empirical evidence on the relationship between demography and development."
Financial Management, Economics, Research, Population, Population Dynamics, Growth, Models, Theoretical, Fertility · mortality · growth, Fertility, Infant Mortality, Income, Health Expenditures, Investments, Mortality, Demography, jel: jel:J13, jel: jel:O41
Financial Management, Economics, Research, Population, Population Dynamics, Growth, Models, Theoretical, Fertility · mortality · growth, Fertility, Infant Mortality, Income, Health Expenditures, Investments, Mortality, Demography, jel: jel:J13, jel: jel:O41
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