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Bharat Diwakar and Gilad Sorek
''Dynastic Altruism, Population, and R&D based Growth''
( 2016, Vol. 36 No.4 )
We show that non-linear dynastic altruism toward future generations yields a non-monotonic relation between population growth and economic prosperity, which is polynomial in general. The exact shape of this non-monotonic relation depends on the concavity of parental altruistic utility. Hence, this work contributes to a recent line of modified R&D-based growth models aimed at aligning theory with empirical evidence on the non-linear relation between population growth and economic prosperity.
Keywords: Dynastic Altruism, Population Growth, R&D-based Growth
JEL: O3 - Technological Change; Research and Development: General
O4 - Economic Growth and Aggregate Productivity: General
Manuscript Received : Aug 03 2016 Manuscript Accepted : Nov 09 2016

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