二部門成長モデルにおける出生選択及び資本蓄積

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  • ニブモン セイチョウ モデル ニオケル シュッセイ センタク オヨビ シホン チクセキ
  • Fertility Choice and Capital Accumlation in a Two-Sector Model of Economic Growth

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This paper considers a two-sector model of endogenous growth in which human capital and physical capital accumulations are both of engines of economic growth. This endogenous growth model is also a dynastic model in which parents make choice of their own consumption, intergenerational transfer and fertility along with decision about the time available for educating children which determines the level of children's human capital and brings about subtraction from the time available for producing consumption goods. It becomes clear that the relation between fertility and the level of children's human capital is negative. As economic growth, the ratio of physical capital to human capital will go down, and human capital becomes more important than physical capital does to economic growth. Moreover, it also becomes clear that, in order to make human capital increase and economic growth, not physical capital or consumption of goods but fertility is sacrificed.

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