The Growth Effects of Population Aging in an Economy with Endogenous Technological Progress
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chun, Young Jun | - |
dc.date.accessioned | 2022-07-16T09:40:41Z | - |
dc.date.available | 2022-07-16T09:40:41Z | - |
dc.date.created | 2021-05-12 | - |
dc.date.issued | 2013-06 | - |
dc.identifier.issn | 0254-3737 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/hanyang/handle/2021.sw.hanyang/162659 | - |
dc.description.abstract | We address the effects of population aging on economic growth, taking account of its growth-delaying effects, through the reduction of capital accumulation and labor force, and the R&D investment reduction due to its lowered return resulting from reduced market size, as well as its growth-promoting effects, through the increase in educational investment due to decrease in the number of child per parent. The policy simulations with a general equilibrium model and its calibration, reflecting the Korean economy, show that: (1) the population aging delays technological progress as well as quantitative economic growth; (2) the government subsidies to R&D and educational investment can partly compensate for the loss in economic growth due to the population aging, but they cannot deal with the problem fundamentally; and (3) the optimal subsidy rates to R&D and education are quite high, ranging from 50 to 70% to R&D and from 70 to 80% to education. | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | KOREAN ECONOMIC ASSOCIATION | - |
dc.title | The Growth Effects of Population Aging in an Economy with Endogenous Technological Progress | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Chun, Young Jun | - |
dc.identifier.doi | 10.22841/kerdoi.2013.29.1.003 | - |
dc.identifier.scopusid | 2-s2.0-84879575808 | - |
dc.identifier.wosid | 000321085000003 | - |
dc.identifier.bibliographicCitation | KOREAN ECONOMIC REVIEW, v.29, no.1, pp.51 - 80 | - |
dc.relation.isPartOf | KOREAN ECONOMIC REVIEW | - |
dc.citation.title | KOREAN ECONOMIC REVIEW | - |
dc.citation.volume | 29 | - |
dc.citation.number | 1 | - |
dc.citation.startPage | 51 | - |
dc.citation.endPage | 80 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.identifier.kciid | ART001778684 | - |
dc.description.journalClass | 1 | - |
dc.description.isOpenAccess | Y | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.description.journalRegisteredClass | kci | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordAuthor | Population Aging | - |
dc.subject.keywordAuthor | Growth | - |
dc.subject.keywordAuthor | Research and Development | - |
dc.subject.keywordAuthor | Educational Investment | - |
dc.identifier.url | https://www.kci.go.kr/kciportal/landing/article.kci?arti_id=ART001778684 | - |
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