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Título
Population, immigration and growth in a Romer endogenous growth model
Año del Documento
2018
Descripción
Producción Científica
Documento Fuente
Global Business and Economics Review, Vol. 20, Nos. 5/6, 2018, 679-708.
Abstract
Endogenous growth theory has not yet consistently incorporated
population growth or immigration into its models. As a result, in the present
day, there is no universally accepted endogenous growth model explaining the
empirical observed relationships between growth, population and immigration.
The present paper overcomes this inconvenience by designing a fully
specified Romer endogenous growth model, completely micro-founded, that
incorporates the existence of population growth and immigration and that
allows the stylised facts of growth as well as the relationships between
growth, population and immigration to be explained. In addition, the proposed
model is susceptible to calibration and simulation, and, when applied to the
US economy, provides a good fit to the data.
Palabras Clave
Sstochastic general equilibrium model; endogenous growth; Romer’s (1986) model; population; immigration; immigrant-native complementarity.
ISSN
1097-4954
Revisión por pares
SI
Patrocinador
Financial support from Spanish Office of Economy and Competitiveness and European FEDER Funds, Research Projects MTM2014-56022-C2-2-P and MTM2017-85476-C2-1-P, is gratefully acknowledged.
Version del Editor
Propietario de los Derechos
i
Idioma
spa
Tipo de versión
info:eu-repo/semantics/submittedVersion
Derechos
restrictedAccess
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