EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/46002
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorLehmijoki, Ullaen_US
dc.date.accessioned2011-06-10en_US
dc.date.accessioned2011-06-28T13:52:54Z-
dc.date.available2011-06-28T13:52:54Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201104113424en_US
dc.identifier.urihttp://hdl.handle.net/10419/46002-
dc.description.abstractThe demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise, referring either to unique or multiple equilibria, and to transitional cycles. The calibrated model shows that multiple equilibria can explain a considerable fraction of the global income gap. The model provides a test to distinguish the trapped countries from those which just suffer from a long-lasting demographic recession, showing that the latter are more common than the former. Therefore, the economic effects of the demographic transition, even though considerable, are temporary rather than permanent.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5469en_US
dc.subject.jelO41en_US
dc.subject.jelO11en_US
dc.subject.jelJ11en_US
dc.subject.ddc330en_US
dc.subject.keyworddemographic transitionen_US
dc.subject.keywordoptimal growthen_US
dc.subject.keywordmultiple equilibriaen_US
dc.subject.keywordpoverty trapsen_US
dc.subject.keywordcalibrationsen_US
dc.subject.stwDemographischer Übergangen_US
dc.subject.stwEntwicklungen_US
dc.subject.stwBevölkerungsökonomieen_US
dc.subject.stwGleichgewichten_US
dc.subject.stwOptimales Wachstumen_US
dc.subject.stwArmuten_US
dc.subject.stwTheorieen_US
dc.subject.stwWelten_US
dc.titlePopulation growth and multiple equilibria: Inferences from a modified Ramsey modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn661918351en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

Files in This Item:
File Description SizeFormat
661918351.pdf298.51 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.