By Hisakazu Kato
Analyzing the relation among inhabitants elements and technological development is the most objective of this e-book. With its declining inhabitants, Japan faces the straightforward yet tough challenge of no matter if sustained fiscal development will be maintained. even though there are numerous reports to enquire destiny fiscal progress from the perspective of work strength transition and the lowering saving price, technological development is an important issue to be thought of sooner or later course of the japanese financial system. Technological growth is the results of suggestions or advancements within the caliber of human and actual capital. the rise in technological growth, that's measured as overall issue productiveness (TFP), is discovered either by means of advancements in productiveness within the brief time period and through monetary advancements within the long-term. the writer investigates the connection of inhabitants components and productiveness, concentrating on productiveness development within the brief time period. Many discussions have lengthy been held in regards to the relation among inhabitants and technological growth. From the outdated Malthusian version to the fashionable endogenous fiscal progress versions, quite a few theories are constructed within the context of development thought. during this e-book, those discussions are summarized in short, with an research of the quantitative relation among inhabitants and technological growth utilizing country-based panel information in contemporary periods.
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Additional resources for An Empirical Analysis of Population and Technological Progress
Chapter 2 Population, Economic Growth, and TFP in Developed Countries Abstract In this chapter, we investigate the relationship between population size and economic growth using growth accounting and empirical studies. We begin with an explanation of the production function and growth theory. Although economic growth can be achieved by increasing the amounts of either labor or capital in the production function, it can also be realized through increased efﬁciency or, in other words, by improving how factors are used together.
This is the main theme of this chapter, and we will offer conclusions using theoretical and empirical studies. First, some technological progress theories are considered in terms of population scale and growth. “Genius hypothesis” or intellectual interaction theories will be analyzed. A discussion regarding the relationship between technological progress and population is also included below. In addition, in regard to the demand side, we also review whether the population scale is important for maintaining the current consumption market.
It can therefore be said that the growth rate of the economy is proportional to the total amount of research conducted in society. However, Collins et al. (2013) proposed an interesting view on this point. They wrote that “a complementary driver of technological progress is evolution of the human potential to innovate. As a larger population generates more mutations, population growth will increase the rate at which new traits may emerge. If mutations that increase innovative potential raise the ﬁtness of the host, these genes will spread in the population, enhance technological progress and provide an economic basis for further population growth” (Collins et al.
An Empirical Analysis of Population and Technological Progress by Hisakazu Kato