Munich Personal RePEc Archive

Public capital and childcare capital in the two sector growth model

Miyake, Yusuke (2001): Public capital and childcare capital in the two sector growth model.

This is the latest version of this item.

[img]
Preview
PDF
MPRA_paper_108542.pdf

Download (1MB) | Preview

Abstract

Although many policies to raise the fertility rate have been conducted in many developed countries, they experience the low fertility rate. In the first place, what kind of impact will rapid population decline have on economic growth? This study is to analyze to answer these questions with two sector labor augmented growth model using two periods over-lapping-generations model. We consider a public capital by classifying it into two types, firstly, labor-augmented general public capital in final goods sector which indicated by Futagami, et al. (1993) and secondly, considering a public capital in childcare sector like as nursery school. This paper clearly shows the relationship between the optimal policies against the declining birthrate and an increase in the economic growth.

Available Versions of this Item

Logo of the University Library LMU Munich
MPRA is a RePEc service hosted by
the University Library LMU Munich in Germany.