Optimization of Demographic Policy in Socio-Economic Growth Models

Kulikowski, R. (1976). Optimization of Demographic Policy in Socio-Economic Growth Models. IIASA Research Memorandum. IIASA, Laxenburg, Austria: RM-76-054

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Abstract

The paper deals with the socio-economic growth model, which includes three main feedbacks: (1) accumulation of capital due to the investments; (2) accumulation of labor force resulting from the government expenditures in demographic policy; and (3) technical progress represented by government expenditures in education, health service, research and development, etc.

Using an optimization technique called "the factor coordination principle", the optimum strategy of factor endowments has been derived. In particular, the optimum strategy of government expenditures in population policy was derived (in an explicit form) and analyzed for the case of short and long planning horizons.

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