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on Evolutionary Economics |
| By: | Patrick Llerena (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique); Andre Lorentz (BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique, Institute of Economics of Sant'Anna [Pisa] - SSSUP - Scuola Universitaria Superiore Sant'Anna [Pisa]) |
| Abstract: | This paper aims to propose an approach to endogeneous growth considering the relationship between macro-dynamics and technical change. We draw upon two stream of literature: Cumulative causation and its macroscopic view of economic dynamics, and Evo-lutionary economics and its focus on micro-determinants of technical change. This paper presents a survey of the formal representation of the growth process and identifies the possible bridges between these two approaches. Our claim is that merging these two distinct theories might offer a framework to consider the co-evolution of macro-dynamics and technical change. |
| Keywords: | Economic Growth,Technical Change,Cumulative Causation,Evolutionary Theory |
| Date: | 2022–02–22 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-00279328&r= |
| By: | Matthias Doepke (Northwestern University); Anne Hannusch (University of Mannheim); Fabian Kindermann (University of Regensburg); Michèle Tertilt (Universität Mannheim) |
| Abstract: | In this survey, we argue that the economic analysis of fertility has entered a new era. First-generation models of fertility choice were designed to account for two empirical regularities that, in the past, held both across countries and across families in a given country: a negative relationship between income and fertility, and another negative relationship between women’s labor force participation and fertility. The economics of fertility has entered a new era because these stylized facts no longer universally hold. In high-income countries, the income-fertility relationship has flattened and in some cases reversed, and the cross-country relationship between women's labor force participation and fertility is now positive. We summarize these new facts and describe new models that are designed to address them. The common theme of these new theories is that they view factors that determine the compatibility of women’s career and family goals as key drivers of fertility. We highlight four factors that facilitate combining a career with a family: family policy, cooperative fathers, favorable social norms, and flexible labor markets. We also review other recent developments in the literature, and we point out promising new directions for future research on the economics of fertility. |
| Keywords: | cross-country analysis, women's careers, family policy |
| JEL: | J13 D31 J16 |
| Date: | 2022–04 |
| URL: | http://d.repec.org/n?u=RePEc:hka:wpaper:2022-012&r= |